JetBlue Airlines 2012 Annual Report Download - page 69

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JETBLUE AIRWAYS CORPORATION-2012 10K 65
PART II
ITEM 8Financial Statements and Supplementary Data
Report of Independent Registered Public AccountingFirm
The Board of Directors and Stockholders of
JetBlue Airways Corporation
We have audited the accompanying consolidated balance sheets of
JetBlue Airways Corporation as of December31, 2012 and 2011, and the
related consolidated statements of operations, comprehensive income,
stockholders’ equity, and cash fl ows for each of the three years in the
period ended December31, 2012. These fi nancial statements are the
responsibility of the Company’s management. Our responsibility is to
express an opinion on these fi nancial 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 fi nancial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the fi nancial statements.
An audit also includes assessing the accounting principles used and
signifi cant estimates made by management, as well as evaluating the
overall fi nancial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the fi nancial statements referred to above present fairly, in
all material respects, the consolidated fi nancial position of JetBlue Airways
Corporation at December31, 2012 and 2011, and the consolidated
results of its operations and its cash fl ows for each of the three years in
the period ended December31, 2012, 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), JetBlue Airways Corporation’s
internal control over fi nancial reporting as of December31, 2012, 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20, 2013 expressed an unqualifi ed opinion thereon.
/s/ Ernst & Young LLP
New York, New York
February20, 2013