Delta posts a record $1.37 Billion third quarter profit, also small refinery profit

[HowardBorden]

Do they really need this?

Minneapolis, Minn.

Delta Air Lines wants a $5.9 million forgivable government loan to refurbish a call center in northern Minnesota that was mostly built with government money in the first place.​

Delta's loan application says the call center in Chisholm employs 418 people. It says the renovation would add 107 more.​

The loans are handled by a state agency called the Iron Range Resources & Rehabilitation Board. Commissioner Tony Sertich says the new loan is expected to be forgivable, too, as long as Delta meets job targets.​

Northwest Airlines built the call center with a $9.7 million loan from the board in 1994. Of that, $1 million was repaid and the rest was forgiven. Delta Air Lines Inc. bought Northwest in 2008.​

The new loan is scheduled to be considered Thursday.

http://www.crookstontimes.com/article/20131106/NEWS/131109831/-1/news
​

 

[DYLIN]

Minneapolis, Minn.

Delta Air Lines wants a $5.9 million forgivable government loan to refurbish a call center in northern Minnesota that was mostly built with government money in the first place.​

Delta's loan application says the call center in Chisholm employs 418 people. It says the renovation would add 107 more.​

The loans are handled by a state agency called the Iron Range Resources & Rehabilitation Board. Commissioner Tony Sertich says the new loan is expected to be forgivable, too, as long as Delta meets job targets.​

Northwest Airlines built the call center with a $9.7 million loan from the board in 1994. Of that, $1 million was repaid and the rest was forgiven. Delta Air Lines Inc. bought Northwest in 2008.​

The new loan is scheduled to be considered Thursday.

http://www.crookstontimes.com/article/20131106/NEWS/131109831/-1/news
​

Doesn't matter if they need it.

They're asking!

 

[bri5150]

Delta/Endeavor got a $550,000 from Minnesota to move then Pinnacle's HQ from Memphis up to MSP...which they were going to move anyways. No way that operation stayed in MEM or went to DTW.

And this:

Delta Air Lines Inc., which pocketed a $1 billion profit in 2012, paid no federal income taxes last year, and doesn?t expect to ?during the next several years,? the company says.
The reason: While it?s profitable now, Delta suffered billions in losses each year earlier in the 2000s. As of the end of 2012, it had $16.3 billion of U.S. federal pre-tax net operating loss carryforwards. Delta?s U.S. federal pre-tax net operating loss carryforwards do not begin to expire until 2022.


http://www.bizjournals.com/atlanta/...ig-companies-high-us-taxes-hurt.html?page=all

 

[BILL LUMBERG]

Delta/Endeavor got a $550,000 from Minnesota to move then Pinnacle's HQ from Memphis up to MSP...which they were going to move anyways. No way that operation stayed in MEM or went to DTW.

And this:

Delta Air Lines Inc., which pocketed a $1 billion profit in 2012, paid no federal income taxes last year, and doesn?t expect to ?during the next several years,? the company says.
The reason: While it?s profitable now, Delta suffered billions in losses each year earlier in the 2000s. As of the end of 2012, it had $16.3 billion of U.S. federal pre-tax net operating loss carryforwards. Delta?s U.S. federal pre-tax net operating loss carryforwards do not begin to expire until 2022.


http://www.bizjournals.com/atlanta/...ig-companies-high-us-taxes-hurt.html?page=all

C'mon Brian....Show me your 1040.....

If you take NO deductions, then you can throw stones.

 

[bri5150]

C'mon Brian....Show me your 1040.....

If you take NO deductions, then you can throw stones.

You are right...it actually points to a broken tax system, but I sure as heck won't be going back and forth on that!! :beer:

 

[bri5150]

I will be a man and go full disclosure. I just read this in an article about Virgin Galactic's first launch:

He has recently come under fire, however, after it emerged he was living full-time on Necker Island in the British Virgin Islands, which was uninhabited when he bought it in 1979. Being a resident there means he can avoid Britain's 50 percent income tax rate on high earners as well as capital gains tax, but it does limit the time he can spend each year in the UK.