Originally Posted by
findark
MAX grounding doesn't really help.. the planes are just siting on the ground generating expenses (amortization if nothing else) and earning nothing. If grounding the fleet was more profitable they wouldn't buy in the first place
Are those costs part of the exclusions? Not sure how to parse the "imputed interest on certain finance leases" language. Would assume Boeing is on the hook for some (all?) of those types of costs?
1 Excludes special charges and the mark-to-market impact of financial instruments, the nature of which are not determined at this time, and imputed interest on certain finance leases. Accordingly, UAL is not providing earnings guidance on a GAAP basis.
2 Excludes special charges, the mark-to-market impact of financial instruments and imputed interest on certain finance leases. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the tables accompanying this release.