Contract Negotiations room
08-17-2021, 12:20 PM
#912
Gets Weekends Off
Joined APC: Jul 2008
Posts: 608
Contract talks don't open for another year, plenty of time to become profitable in the interim. That is, unless the COVID Mu or Omega variant comes around and gives the final death blow to the industry.
08-17-2021, 12:34 PM
#913
Gets Weekends Off
Joined APC: Oct 2017
Posts: 3,305
yeah that’s a good point. I was just assuming it would be hard to put a number down until we know how much they are profitable by.
08-17-2021, 02:37 PM
#916
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,240
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.
08-17-2021, 03:02 PM
#917
Gets Weekends Off
Joined APC: Oct 2017
Posts: 3,305
are they just going to start printing their own money?
08-17-2021, 03:17 PM
#919
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,192
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.
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