Originally Posted by
FlyFlorida2025
Another 1/2 truth. Their net income for October was + $20 million and that's the bottom line.
Webster's dictionary defines net income as the balance of gross income left after subtracting all allowable deductions, exemptions, and necessary business expenses (like taxes, operating costs, interest) from total earnings, essentially the "take-home" or profit. It's the money you keep or the true profit a company makes after all costs are covered, often called the "bottom line"
Sure. And to keep that net income positive in the future, they will just have to reject a hundred leases a month. Definitely a good long term strategy for profit. Webster might have the correct definition, the reason everyone disagrees with you is because you are stating that 20M as an improvement, but it is the result of the company selling planes they can't fill. Not a good thing.