Originally Posted by
DCBob
A tax credit with a carryback or carryforward provision can be of benefit to an airline with current year losses if they eventually are profitable.
Yes, I agree with that statement, but didn't want to muddy the waters too much, which is why I was pointing out the years immediately following 9/11 when a tax credit was not an issue; the survival of many airlines was and additional revenue was being lost through free seats to FAM's.