Docoh
Loading...

ALGT Allegiant Travel

Filed: 4 May 21, 8:00pm

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except for ratio)
Three Months Ended March 31,
2021
Earnings:
Income (loss) before income taxes$8,670 
Add: Fixed Charges19,581 
Add: Amortization of capitalized interest58 
Less: Interest capitalized— 
Less: Earnings from joint venture, net(406)
Total earnings (loss)$28,715 
Fixed charges:
Interest costs(1)
$16,788 
Interest factor of operating lease expense(2)
2,793 
Total fixed charges$19,581 
Ratio of earnings (loss) to fixed charges(3)
1.47 
(1)Interest costs include both interest expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt.
(2)Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation.
(3)The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges.