eskimopilot
Well-known member
- Joined
- Jun 5, 2004
- Posts
- 56
Is the following true? It's some earnings analysis I read on deltas last quarter.
I know how Delta must feel competing against those "Middle Eastern" carriers. No wonder RA is having a fit. How unfair of an advantage that must be
"However, I would like to draw your attention to the fact that Delta still doesn't have to pay any taxes because its historically accumulated deficit still is $5.4B. But at the current rate it will take Delta just 5-6 more quarters before this deficit will have been wiped out, after which the company will have to pay income taxes again."
I know how Delta must feel competing against those "Middle Eastern" carriers. No wonder RA is having a fit. How unfair of an advantage that must be
"However, I would like to draw your attention to the fact that Delta still doesn't have to pay any taxes because its historically accumulated deficit still is $5.4B. But at the current rate it will take Delta just 5-6 more quarters before this deficit will have been wiped out, after which the company will have to pay income taxes again."