Answer:
JetBlue's equity at the end of the year was $1,888 million
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Equity
At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.
During the year, assets decreased by $1 million and liabilities decreased by $132 million.
At the end of the year:
JetBlue's assets = $7,071 - $1 = $7,070 million
JetBlue's liabilities = $5,314 - $132 = $5,182 million
JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million
