JetBlue Airlines 2004 Annual Report Download - page 81

ITEM 9A. CONTROLS AND PROCEDURES
Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures
An evaluation was performed under the supervision and with the participation of our management,
including our Chief Executive Officer, or CEO, and Chief Financial Officer, or CFO, of the
effectiveness of our disclosure controls and procedures as of December 31, 2004. Based on that
evaluation, our management, including our CEO and CFO, concluded that our disclosure controls and
procedures are effective to ensure that information required to be disclosed by us in reports that we
file or submit under the Exchange Act is recorded, processed, summarized and reported as specified in
the SEC’s rules and forms.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over
financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Under the supervision and
with the participation of our management, including our CEO and CFO, we conducted an evaluation
of the effectiveness of our internal control over financial reporting based on the framework in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Based on that evaluation, our management concluded that our internal control
over financial reporting was effective as of December 31, 2004.
Our management’s assessment of the effectiveness of our internal control over financial reporting
as of December 31, 2004 has been audited by Ernst & Young LLP, an independent registered public
accounting firm, as stated in their report which is included elsewhere herein.
ITEM 9B. OTHER INFORMATION
Qualified Trading Plans
Except for David Neeleman, our Chief Executive Officer, each of our executive officers has a
written plan in accordance with SEC Rule 10b5-1 for gradually liquidating a portion of their respective
holdings of our common stock and common stock that will be issued upon exercise of their respective
stock options. The plans provide for weekly or monthly stock sales and do not prohibit our executive
officers from executing additional transactions with respect to our stock.
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Code of Ethics
We have adopted a Code of Ethics within the meaning of Item 406(b) of SEC Regulation S-K.
This Code of Ethics applies to our principal executive officer, principal financial officer and principal
accounting officer. This Code of Ethics is publicly available on our website at investor.jetblue.com. If we
make substantive amendments to this Code of Ethics or grant any waiver, including any implicit waiver,
we will disclose the nature of such amendment or waiver on our website or in a report on Form 8-K
within four days of such amendment or waiver.
Audit Committee Financial Expert
Our Board of Directors has determined that at least one person serving on the Audit Committee is
an ‘‘audit committee financial expert’’ as defined under Item 401(h) of SEC Regulation S-K. Joy Covey,
the Chair of the Audit Committee, is an ‘‘audit committee financial expert’’ and is independent as
defined under applicable SEC and Nasdaq rules.
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