Originally Posted by
sailingfun
We had some drag items on our earnings including the trainer refinery. It lost another 41 million dollars. Management says it will be profitable next quarter. They have made that same statement every quarter since they made the purchase. Sooner or later they might be right!
Just as an example... OK, it lost $41 million as a "profit center". In Q1, DAL's fuel costs were $3.03/gal. LUV's costs were $3.06/gal. Since DAL uses more fuel than the country of Denmark, (true statement, look it up) I would say that the $41M "loss" is no bfd.....