Q2 10-q

[Rob]

Looking through the June 30 10-Q, I noticed a disproportionate jump in the traffic liability/unused ticket account - $267 million or about 33%. Considering the much smaller jump in revenues, this seems disproportionate even if you allow for a big July/August.

The cynic in me says, "Ah-hah! they delayed a payment to the ticket clearinghouse in order to make the cash look better." But other explanations are possible. Does anybody think it could be purely a reflection of advance bookings? Other alternatives?

Rob

 

[Rob]

Not getting an answer, I asked this question elsewhere and was told in a convincing way that it's pretty much impossible to fiddle with the clearinghouse payment mechanism. Thus it seems there must be some other explanation - maybe sales really are up that much.