Originally Posted by CaveatEmpty

Note 11 – Aircraft Impairments
In the first quarter of 2007, the Company recorded $13.3 million related to the impairment of three owned aircraft, which were permanently removed from service. These charges reflect the Company’s decision to park three DC9-30 aircraft permanently, consistent with the Company’s ongoing review of its aircraft fleet plan in conjunction with its overall route structure and capacity requirements. The first quarter 2007 impairment charges were recorded as reorganization expenses.