Originally Posted by
3Cforme
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.
I think it would be unusual to take a charge in 2014 for stuff like early lease termination fees that ar costs expected to be incurred several years in the future, although I do realize that there are cases of companies taking early charges on their books for the costs of mergers or downsizing their workforce.