Once again, we see complete B.S. accounting at work. Some of these charges were related to "imparment of goodwill."
-Lest anyone here not be familiar with how this works-DAL claim a huge amount of "goodwill" as an asset to get the merger through-now it looks like it is time for some of this "goodwill" to need to be taken off the books-legally.
http://www.usatoday.com/travel/flights/2008-07-16-delta-q1-reuters_N.htm
So, let's see-we just make up a completely intangible asset, assign a completely arbitrary value to that asset, claim it as an asset to fool congress into approving the merger, but wait-now it has to come off the books, and this time, this little accounting gimmick is the bane of profitability. (This may be legal for large corporations, but if you or I did anything like this on our taxes, we would be in jail PDQ.) Plus-it is a silly parlor trick. I guess RA and DS fooled who he needed to fool-for now.
How many times are you people gonna keeping making lame excuses for this type of leadership? RA is just running a scam, and not a very good one.