PART II  ITEM 8 Financial Statements and Supplementary Data NOTE 15  Accumulated Other Comprehensive Income (Loss) Comprehensive income includes changes in fair value of our aircraft fuel derivatives and interest rate swap agreements, which qualify for hedge  accounting. A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the years ended December 31,  2011, 2012 and 2013 is as follows (in millions): Under the  Segment Reporting  topic of the Codification, disclosures are required for operating segments, which are regularly reviewed by the chief operating decision  makers. Air transportation services accounted for substantially all the Company’s operations in 2013, 2012 and 2011. Operating revenues are allocated to geographic regions, as defined by the DOT, based upon the origination and destination of each flight segment. We currently serve  24 locations in the Caribbean and Latin American region, or Latin America as defined by the DOT. However, our management includes our three destinations in Puerto  Rico and two destinations in the U.S. Virgin Islands in our Caribbean and Latin America allocation of revenues. Therefore, we have reflected these locations within the  Caribbean and Latin America region in the table below. Operating revenues by geographic regions for the years ended December 31 are summarized below (in millions): Our tangible assets primarily consist of our fleet of aircraft, which is deployed system wide, with no individual aircraft dedicated to any specific route or  region; therefore our assets do not require any allocation to a geographic area. (2)  During the first quarter of 2012, LiveTV terminated a customer contract resulting in a gain of approximately $8 million in other operating expenses. During the second quarter of 2012, we  recorded net gains of approximately $10 million on the sale of two EMBRAER 190 aircraft and six spare aircraft engines in other operating expenses, as well as net gains of approximately  $2 million in interest income and other on the early extinguishment of debt secured by six aircraft. During the fourth quarter of 2012, we recognized losses of approximately $3 million in  interest income and other on the early extinguishment of debt secured by two aircraft. The sum of the quarterly earnings per share amounts does not equal the annual amount reported since per share amounts are computed independently  for each quarter and for the full year based on respective weighted-average common shares outstanding and other dilutive potential common shares. JETBLUE AIRWAYS CORPORATION  -  2013 Annual Report 63 NOTE 16  Geographic Information NOTE 17  Quarterly Financial Data (Unaudited) Quarterly results of operations for the years ended December 31 are summarized below (in millions, except per share amounts): Aircraft Fuel  Derivatives (1) Interest Rate Swaps (2) Total Beginning accumulated gains (losses) at December 31, 2010 $ 4 $ (14 ) $ (10 ) Reclassifications into earnings (net of $3 of taxes) (1) 6 5 Change in fair value (net of $(7) of taxes) (6 ) (4 ) (10 ) Balance of accumulated losses at December 31, 2011 (3) (12) (15) Reclassifications into earnings (net of $0 of taxes) (6 ) 7 1 Change in fair value (net of $5 of taxes) 8 (2) 6 Balance of accumulated losses at December 31, 2012 (1 ) (7 ) (8 ) Reclassifications into earnings (net of $7 of taxes) 6 5 11 Change in fair value (net of $(2) of taxes) (4 ) 1 (3 ) ENDING ACCUMULATED GAINS (LOSSES), AT DECEMBER 31, 2013 $ 1 $ (1 ) $ — (1)  Reclassified to aircraft fuel expense (2)  Reclassified to interest expense 2013 2012 2011 Domestic $ 3,886 $ 3,666 $ 3,351 Caribbean & Latin America 1,555 1,316 1,153 TOTAL $ 5,441 $ 4,982 $ 4,504 First Quarter Second Quarter Third Quarter Fourth Quarter 2013 (1) Operating revenues $ 1,299 $ 1,335 $ 1,442 $ 1,365 Operating income 59 102 152 115 Net income 14 36 71 47 Basic earnings per share $ 0.05 $ 0.13 $ 0.25 $ 0.16 Diluted earnings per share $ 0.05 $ 0.11 $ 0.21 $ 0.14 2012 (2) Operating revenues $ 1,203 $ 1,277 $ 1,308 $ 1,194 Operating income 89 130 113 44 Net income 30 52 45 1 Basic earnings per share $ 0.11 $ 0.19 $ 0.16 $ — Diluted earnings per share $ 0.09 $ 0.16 $ 0.14 $ — (1)  During the first quarter of 2013 we had a gain of $7 million on the sale of the Airfone business by LiveTV. During the fourth quarter of 2013 we sold three spare engines resulting in gains  of approximately $2 million as well as $3 million in losses on the early extinguishment of debt. 