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JETBLUE AIRWAYS CORPORATION-2014Annual Report64
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, 2014 and 2013, and the related
consolidated statements of operations, comprehensive income, cash flows
and stockholders’ equity for each of the three years in the period ended
December 31, 2014. 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, 2014 and 2013, and the consolidated results
of its operations and its cash flows for each of the three years in the period
ended December 31, 2014, 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 financial reporting as of December 31, 2014, based on
criteria established in Internal Control-Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (2013
framework) and our report dated February 12, 2015 expressed an unqualified
opinion thereon.
/s/ Ernst & Young LLP
New York, New York
February 12, 2015