JetBlue Airlines 2011 Annual Report Download - page 9

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Table of Contents
PART I.
Item 1. Business .................................................................... 1
Overview ................................................................. 1
Our Value Proposition ....................................................... 2
Our Industry and Competition ................................................. 9
Aircraft Fuel .............................................................. 10
Maintenance .............................................................. 10
LiveTV, LLC .............................................................. 11
Government Regulation ..................................................... 11
Item 1A. Risk Factors ................................................................. 14
Risks Related to JetBlue ..................................................... 14
Risks Associated with the Airline Industry ....................................... 20
Item 1B. Unresolved Staff Comments .................................................... 22
Item 2. Properties ................................................................... 23
Item 3. Legal Proceedings ............................................................ 25
Item 4. Mine Safety Disclosures ....................................................... 25
Executive Officers of the Registrant ............................................ 26
PART II.
Item 5. Market for Registrant’s Common Equity; Related Stockholder Matters and Issuer Purchases
of Equity Securities ......................................................... 27
Item 6. Selected Financial Data ........................................................ 29
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations . . . 32
Overview ................................................................. 32
Outlook for 2012 ........................................................... 35
Results of Operations ....................................................... 35
Liquidity and Capital Resources ............................................... 42
Contractual Obligations ...................................................... 44
Off-Balance Sheet Arrangements .............................................. 46
Critical Accounting Policies and Estimates ...................................... 46
Item 7A. Quantitative and Qualitative Disclosures About Market Risk .......................... 49
Item 8. Financial Statements and Supplementary Data ...................................... 50
Consolidated Balance Sheets ................................................. 50
Consolidated Statements of Operations ......................................... 52
Consolidated Statements of Cash Flows ......................................... 53
Consolidated Statements of Stockholders’ Equity ................................. 54
Notes to Consolidated Financial Statements ...................................... 55
Reports of Independent Registered Public Accounting Firm ......................... 85
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure . . . 87
Item 9A. Controls and Procedures ....................................................... 87
Item 9B. Other Information ............................................................ 87
PART III.
Item 10. Directors, Executive Officers and Corporate Governance ............................. 88
Item 11. Executive Compensation ....................................................... 88
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters ................................................................... 88
Item 13. Certain Relationships and Related Transactions, and Director Independence .............. 88
Item 14. Principal Accounting Fees and Services ........................................... 89
PART IV.
Item 15. Exhibits and Financial Statement Schedules ....................................... 90
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