Originally Posted by Check Essential

The contract language has not changed.
I'm saying the grievance settlement makes that language mean something different than it did last year.

I hope the MEC will spell out exactly what they agreed to with management as far as whether Venezuelan currency losses and all the other one time charges can be used as ordinary expenses to reduce PTIX.

If management is now free to decide for themselves what is an ordinary expense and what is a one time charge then we have opened Pandora's box.

I'll tell you what's next - they are going to recognize a bunch of losses related to their investments in GOL and Brazil. Either a write down or a bailout in some form. And they are going to call it an ordinary expense and take it right out of our profit sharing.