On the way to work yesterday, I heard on the radio that ten of the largest airlines posted a combined total of $152M in profits in 2012. That works out to an average of just $0.21/passenger — about a pack of peanuts away from breaking even.
If this were true, I’d be shocked. But things don’t seem to add up. Consider, for example, that USAir alone (one of the aforementioned ten) had net profits of $537M in 2012, an all-time company record.
I don’t have the time or energy to look them all up, but either there were some real stinkers on the list or the trade group that compiled the numbers used some fuzzy math. They’re lobbying for regulatory and tax relief, so that’s quite possible.
And now… Here are some articles that caught my eye this past week:
- Making the Most of Your Capital Losses – A few years ago we harvested a bunch of losses and have been using them to offset $3k in ordinary income every year.
- Paychecks More Powerful than Stock Market Gains – The elasticity of an extra dollar in your paycheck vs. an extra dollar in stock market gains or home equity.
- Invest in Long-Term Bonds Now? – Long-term bonds have been killing it. Should you pull the trigger and go long? TFB is considering it.
- How to Win a Bid on a Job – This is a good thing to consider when choosing between bids, too. Rock bottom bids are rarely a bargain.
- Bartering? Don’t Forget the Tax Implications – There’s even a special form for it, 1099-B, Proceeds from Broker and Barter Exchange Transactions.
That’s it. Hope you’re having a great weekend!