Originally Posted by
787fan
"GAAP isn't perfect" is a way to say it isn't my preferred criteria, so I'll pick whatever items that make myself look good and have a footnote table to reconcile them for the sake of compliance.
I suspect I know more about GAAP than you unless you are responsible for accounting, planning, and reporting for $1bn BS and $1bn IS positions.
GAAP isn't perfect.
Originally Posted by
787fan
"If u bother to read DL's earnings across multiple quarters you'll realize how many specials they include every single quarter. A special should be an unforeseen event that materially impacts your performance, not a place to hide managerial screw ups. Only in the airline industry where 75% of "profits" will vanish quarter over quarter over quarter in the name of specials.
Again, were you complaining when DAL was reporting gains as specials a year ago? If not, then your credibility is exceedingly tenuous.