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Old 12-05-2018 | 05:08 AM
  #54  
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Sunvox
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From: UAL retired
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Here are the basic expense statements from the 2017 annual reports. Notice salaries and rents/fees. (Delta is in blue.) Assuming for the moment the two companies are accounting for the same item in the same way, it looks to me like we have over a $1 billion dollar structural difference in expense that we will never overcome.

Interesting to note that the two companies account for regional partner costs in different ways making honest comparison difficult.




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