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Thread: United Records Special Impairment Charges on HK Routes
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Old Jan 7, 2020 | 3:22 pm
  #2  
spin88
 
Join Date: Feb 2008
Programs: 6 year GS, now 2MM Jeff-ugee, *wood LTPlt, SkyPeso PLT
Posts: 6,526
Originally Posted by UA_Flyer
Low demand and decreased revenue cited for another $90 million write-off (in addition to the amount wrote off last year)

https://seekingalpha.com/news/353026...pha#email_link
I don't understand the need for this. My understanding is that no limiting authorization was needed to fly to Hong Kong and there was no route authority that was at issue (as with e.g. flights to LHR or HND (which are slot restricted) or say PEK which are limited by bilateral agreement) so there is no legal right/benefit that is being impaired.

Is this just an effort to have an explanation for underperformance?
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