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AIRTRAN HOLDINGS, INC.
EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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6 Months
Ended
Year Ended December 31 June 30
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1995 1996 1997 1998 1999 2000
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<S> <C> <C> <C> <C> <C> <C>
Consolidated pretax income (loss) $107,825 $(65,932) $(119,438) $(40,738) $(96,655) $ 19,479
Amortization of capitalized interest - - - - 38 92
Interest, including interest capitalized 6,579 23,398 25,886 28,701 34,586 13,626
Less interest capitalized during the
period - (1,212) (1,555) (3,339) (6,736) (1,724)
Interest portion of rent expense 4,172 5,275 4,552 7,950 7,235 4,479
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Earnings $118,576 $(38,471) $ (90,555) $ (7,426) $(61,532) $ 35,952
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Interest, including interest capitalized $ 6,579 $ 23,398 $ 25,886 $ 28,701 $ 34,586 $ 13,626
Interest portion of rent expense 4,172 5,275 4,552 7,950 7,235 4,479
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Fixed Charges $ 10,751 $ 28,673 $ 30,438 $ 36,651 $ 41,821 $ 18,105
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Ratio of Earnings to Fixed Charges 11.0 - /(1)/ - /(1)/ - /(1)/ - /(1)/ 2.0
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(1) For the periods ended December 31, 1996, 1997, 1998, and 1999, the
Company's earnings were insufficient to cover fixed charges by $67,144,
$120,993, $44,077, and $103,353, respectively.
