Thread: Q1 Loss
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Old 03-13-2023 | 06:57 PM
  #8  
saltbae
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[QUOTE=RatchetA10;3607275]I'm no expert but...

"An accrued expense is one that is known to be due in the future with certainty. The expense has already occurred but not yet been paid.
Companies elect to make provisions for future obligations whose specific amount or date is unknown."

https://www.investopedia.com/ask/answers/030215/whats-difference-between-accrued-expenses-and-provisions.asp#:~:text=An%20accrued%20expense%20is %20one,amount%20or%20date%20is%20unknown.[/QUOTE]


https://www.sec.gov/ix?doc=/Archives...l-20230313.htm

well rent or scheduled maintenance are better examples. But they’re stating CBA but showing labor cost per seat to be less than expected for Q1… 1% higher vs 2-3% higher is what they initially predicted… which contradicts higher labor costs if I’m reading that correctly
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