Originally Posted by
PSACFI
Though to be fair the $13.3 million should be split between both branded (Q-400s) and the FFD side (CRJs)
RAH broke down the charges between fixed fee and branded on what I read. The cost does involve integration charges, so it is hard to know exactly what the cost was associated with the return of the aircraft.
Fixed Fee took a charge of 2.0M
Branded Took a charge of 11.1M
The number RAH gave for GAAP loss on the branded ops was 70.5M. I would have to look at previous reportings a little more closely, but RAH may have claimed the expense of integration and the withdrawl of aircraft on a previous earnings. In loose terms, since those deals never reached a depreciation of what they expected, they must now claim the difference as income. It works a little better for this quarter (overall less net loss), but the company cannot double claim the expense to lessen the tax burden.