In 2010, this trend was converse to what can be seen in 2011. the company’s current assets declined significantly in 2010 ($1,360 million) as compared to the level in the year 2009 ($ 1,534 million). Considering this increase in the current assets of the company, it can be argued that the company is making efforts to bring the current assets level back to what has been maintained in the year 2009. On the other hand, the property and equipment section of the total assets also signified a comparatively larger increase in the year 2011 as compared to the previous years, i.e. the property and equipment increased from $4,641 million in 2010 to$ 4,860 million in the year 2011. This increase is attributed to the purchase of new flight equipment by the Jet Blue Airline in 2011 and other equipment. This trend can be seen to be followed from the year 2010 in which the company also purchased the flight equipment, but the increase was not as significant as it has been in the year 2011 (Jet Blue Airline).
On the other hand, the equity side of the balance sheet for the three years under consideration shows fewer changes in the year 2010 as compared to the financial year 2009 but there is a significant increase in the total liabilities and equity of the company in the year 2011. The overall increase in the equity and liabilities section of the company is $44 million in 2010. The long term liabilities of the company declined from$ 2,920 million in 2009 to $2,850 million in 2010. On the other hand, almost every item in current liabilities section showed increase in 2010 apart from the current maturities section, which declined considerably, i.e.$ 384 million in 2009 to \$ 183 million in 2010. On the other side, the equity section of the balance sheet showed an increase primarily due to increase in the paid up capital in 2010. Keeping in view the liabilities and equity section of the balance sheet for the financial year 2011, the company showed an