JetBlue Airlines 2012 Annual Report Download - page 6

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JETBLUE AIRWAYS CORPORATION-2012 10K02

Table of Contents
PART I
06
ITEM 1.
Business .............................................................................................................................................................................................................................................................................................. 06
Overview .......................................................................................................................................................................................................................................................................................06
Our History ................................................................................................................................................................................................................................................................................06
Our Industry and Competition .....................................................................................................................................................................................................................07
The JetBlue Experience and Strategy .............................................................................................................................................................................................07
Our Cost Structure and Operations ....................................................................................................................................................................................................09
Culture .............................................................................................................................................................................................................................................................................................11
Aircraft Fuel ..............................................................................................................................................................................................................................................................................11
Maintenance ...........................................................................................................................................................................................................................................................................11
LiveTV, LLC ...............................................................................................................................................................................................................................................................................12
Government Regulation ........................................................................................................................................................................................................................................12
ITEM1A.
Risk Factors .................................................................................................................................................................................................................................................................................. 14
Risks Related to JetBlue ......................................................................................................................................................................................................................................14
Risks Associated with the Airline Industry ................................................................................................................................................................................18
ITEM1B.
Unresolved Staff Comments .......................................................................................................................................................................................................................... 19
ITEM2.
Properties ..........................................................................................................................................................................................................................................................................................19
ITEM3.
Legal Proceedings ............................................................................................................................................................................................................................................................20
ITEM4.
Mine Safety Disclosures .........................................................................................................................................................................................................................................20
Executive Of cers of the Registrant .................................................................................................................................................................................................21
PART II
22
ITEM5.
Market for Registrant’s Common Equity; Related Stockholder Matters
andIssuer PurchasesofEquitySecurities ...........................................................................................................................................................................22
ITEM6.
Selected Financial Data ..........................................................................................................................................................................................................................................24
ITEM7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations ........... 26
Overview .......................................................................................................................................................................................................................................................................................26
Outlook for 2013 ...............................................................................................................................................................................................................................................................27
Results of Operations ...............................................................................................................................................................................................................................................27
Liquidity and Capital Resources...............................................................................................................................................................................................................33
Contractual Obligations .........................................................................................................................................................................................................................................36
Off-Balance Sheet Arrangements ..........................................................................................................................................................................................................37
Critical Accounting Policies and Estimates .............................................................................................................................................................................37
ITEM 7A.
Quantitative and Qualitative Disclosures About Market Risk .............................................................................................................39
ITEM 8.
Financial Statements and Supplementary Data ................................................................................................................................................................ 40
JetBlue Airways Corporation ConsolidatedBalance Sheets ........................................................................................................................40
JetBlue Airways Corporation ConsolidatedStatementsof Operations........................................................................................42
JetBlue Airways Corporation ConsolidatedStatementsof Comprehensive Income ...............................................43
JetBlue Airways Corporation ConsolidatedStatementsof Cash Flows ...................................................................................44
JetBlue Airways Corporation ConsolidatedStatementsof Stockholders’ Equity ........................................................45