Assume you have been hired by JetBlue to perform an internal control risk assessment. Locate and utilize JetBlues 2018 10-K and answer the following:

1. Risk assessment also occurs at the financial statement level. Identify what you consider to be some of the critical (significant) accounting policy areas for JetBlue (these are included in the Management Discussion and Analysis section of the 10-K).

2. For the critical (significant) accounting issue of the Loyalty Program

1. Describe the Companys accounting treatment
2. Note the significant estimates and judgments that management must make in applying appropriate accounting standards (you do not need to reference the specific technical standards in your response).