So does this mean the GAAP earnings will show the tax expense but the NON-GAAP earnings will not?
So you were not done with AAL
Really ... this kind of stuff invalidates your post
gw78787 • Jul 21, 2015 9:03 PM Flag
Have to admit that I am done with AAL and sold all my shares today
Q4 gets even easier. Prasm drops to 13.50.
AAL has a lower hurdle to jump in Q3. Prasm went down from 14.57 to 14.21 from Q2 to Q3 last year. DAL prasm actually went up.
UAL Q3 PRASM down 5 - 7%. The update is in the 8-K that contains the earnings release.
Go to the analyst estimate page and look at earnings history. They generally beat by a penny or two. After the June traffic report the numbers will be quite transparent.