Originally Posted by FWAAA

I was wondering when GAAP and other accounting principles would require that AA write off this (probably) worthless asset. No big surprise.



AA probably isn't "dumping" anything. More likely, AA is writing off the $600 million but is probably retaining the several billion Venezuelan Bolivars just in case it can repatriate some of the money in the future. In that case, any future Dollars that AA is able to withdraw from Venezuela would constitute "income" (since the were written down to zero).