Please review the attached JetBlue airways consoladated Balance Sheet and give an overview JETBLUE AIRWAYS CORPORATION

CONSOLIDATED BALANCE SHEETS

$($in millions, except per share data$)$

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES JETBLUE AIRWAYS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS

$($in millions, except per share data$)$

OPERATING REVENUES $q,$

$\backslash$table$[[$Passenger$,$$$,9,008,$$$,8,586,$$$,5,609],[$Other$,,607,,572,,428],[$Total operating revenues,,$9,615,,9,158,,6,037]]$

OPERATING EXPENSES

$\backslash$table$[[$Aircraft fuel and related taxes,,$2,720,,3,105,,1,436],[$Salaries$,$ wages and benefits,,$3,055,,2,747,,2,358],[$Landing fees and other rents,,$657,,544,,628],[$Depreciation and amortization,,$621,,585,,540],[$Aircraft rent,,$126,,114,,99],[$Sales and marketing,,$316,,289,,183],[$Maintenance$,$ materials and repairs,,$654,,591,,626],[$Special items,,$197,,113,,(833)],[$Other operating expenses,,$1,499,,1,368,,1,080],[$Total operating expenses,,$9,845,,9,456,,6,117],[$OPERATING LOSS,,$(230),,(298),,(80)],[$OTHER INCOME $($EXPENSE$)],[$Interest expense,,$(210),,(166),,(192)],[$Interest income,,$89,,39,,17],[$Gain $($loss$)$ on investments, net,,$9,,(9),,47],[$Other$,,8,,(3),,(55)],[$Total other expense,,$(104),,(139),,(183)],[$LOSS BEFORE INCOME TAXES,,$(334),,(437),,(263)],[$Income tax benefit,,$24,,75,,81],[$NET LOSS,$$,(310),$$$,(362),$$$,(182)]]$

LOSS PER COMMON SHARE

Basic

Diluted

$\backslash$table$[[$$$,(0\mathrm{.}93),$$$,(1\mathrm{.}12),$$$,(0\mathrm{.}57)],[$$$,(0\mathrm{.}93),$$$,(1\mathrm{.}12),$$$,(0\mathrm{.}57)]]$

JETBLUE AIRWAYS CORPORATION

CONSOLIDATED BALANCE SHEETS

$($in millions, except per share data$)$

ASSETS

CURRENT ASSETS