American Airlines writes off $592 mln trapped in Venezuela

[Hatu]

American, the world's largest airline, said in a regulatory filing it will recognize a $592 million special charge in the just-ended fourth quarter "due to continued lack of repatriations and deterioration of economic conditions in Venezuela."

American said in the filing that it has moved $2.9 billion of tax allowances - generated from years of losses prior to its 2013 merger with US Airways - to its income statement because it expects to be profitable "on a sustained basis."

http://finance.yahoo.com/news/american-airlines-writes-off-592-134747157.html

 

[autofixer]

American, the world's largest airline, said in a regulatory filing it will recognize a $592 million special charge in the just-ended fourth quarter "due to continued lack of repatriations and deterioration of economic conditions in Venezuela."

American said in the filing that it has moved $2.9 billion of tax allowances - generated from years of losses prior to its 2013 merger with US Airways - to its income statement because it expects to be profitable "on a sustained basis."

http://finance.yahoo.com/news/american-airlines-writes-off-592-134747157.html

Thanks for removing the bigoted and hateful photo.  It added no relevance to the article and only displayed your flawed character.  

 

[AA-MRO.COM]

lets hope the sustained basis of profitability has an impact on our JCBA negotiations... if thats possible with the morons that mis-represent us

 

[WeAAsles]

lets hope the sustained basis of profitability has an impact on our JCBA negotiations... if thats possible with the morons that mis-represent us

So if they're morons and you're not, how come you're not on the negotiating committee?

Just thinking out loud.

 

[DNTULSA]

They are not morons.
 
They are doing it on purpose!

 

[WeAAsles]

They are not morons.
 
They are doing it on purpose!

Here we go again. Another thread where you guys have to take it off in the same old direction.

Do you have anything to contribute to AA writing off their Venezuelan debt? Good idea? Bad idea? Should they have backed off from Venezuela earlier?

The topic is:

"American Airlines writes off $592 mln trapped in Venezuela"

 

[AA-MRO.COM]

i made a comment about sustained profitability
Im not on the negotiatioin committee for the same reason your not
About AA writing off their debt
BIG FN DEAL

 

[WeAAsles]

 
I'm not on the negotiatioin committee for the same reason your not.

I'm not on the negotiating committee because I know that those guys are smarter than me when it comes to understanding and negotiating against the company. And their members also voted them in to handle that responsibility. I'm glad that you and I agree then.
 

"American Airlines writes off $592 mln trapped in Venezuela"