JetBlue Airlines 2004 Annual Report Download - page 79

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
JetBlue Airways Corporation
We have audited the accompanying consolidated balance sheets of JetBlue Airways Corporation as
of December 31, 2004 and 2003, and the related consolidated statements of income, stockholders’
equity, and cash flows for each of the three years in the period ended December 31, 2004. These
financial statements are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the consolidated financial position of JetBlue Airways Corporation at December 31, 2004 and 2003, and
the consolidated results of its operations and its cash flows for each of the three years in the period
ended December 31, 2004, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the effectiveness of JetBlue Airways Corporation’s internal control
over financial reporting as of December 31, 2004, based on criteria established in Internal Control—
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission and our report dated February 7, 2005 expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
New York, New York
February 7, 2005
71