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