Thread: Comair updates?
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Old 09-26-2008 | 05:31 PM
  #8389  
irrelevant
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Originally Posted by cessna157
Sure, that's exactly correct.....only nevermind the very detailed emails they send out every quarter that break down every detail of the profit sharing (revenue, tax, expense, profit percentage, etc).
Which again...are unaudited by us.

As Comair is a wholly owned entity of Delta, Comair's profitability is completely controlled by how profitable Delta needs Comair to be. There's a serious flaw with putting any amount of faith in the accuracy of numbers presented as "profit" or "expenses" in a corporate structure such as ours.
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