Originally Posted by
MSPeconomist
Does this mean that $400M is the cost of terminating a lease early for the four 747s that were sent to rest?
I don't see the logic of paying $400M now to save $100M next year and giving up some assets in the process but I'm not an accountant.
I'm wondering if the ~$400 million special charge doesn't cover the impairment costs of the entire 744 sub-fleet before end 2017. If parking four in 2014 and some more in 2015 saves $100 million in 2015, one can see the attraction to accountants.
But yes, RA's comments suggest a hard look at used widebodies, if well shy of confirming impending transactions.