FlyerTalk Forums - View Single Post - AC Reports Highest Adjusted Net Income, Operating Income and EBITDAR Results for Q2
Old Aug 7, 2013 | 8:26 pm
  #25  
CloudsBelow
 
Join Date: Jul 2005
Location: Ontario, CAN
Posts: 5,813
Originally Posted by ridefar
(As a point of reference, I work for a company that often reports both GAAP and non-GAAP numbers. But when we report non-GAAP, it is perfectly transparent where the differences are, and we usually disclose why the non-GAAP numbers are relevant, in our opinion. I don't pursue a lot of quarterly reports, but the few that I recall with non-GAAP numbers included tend to more clarity than AC provided.)
Perhaps the following link can shed some light on the reporting practices of airlines - Specifically page 44-46

http://www.aircanada.com/en/about/in...013_MDA_q2.pdf
CloudsBelow is offline