State of the Airlines

Tuesday, January 18, 2005

NEWS: Hawaiian "Happy" about Tax Judgement

What do ya' know. Two Hawaiian stories...thanks Google.

After a fairly lengthly dispute with the IRS the courts have finally decided that Hawaiian Airlines must pay the IRS $23.2 million in back taxes over the next 2.5 years. I know what your thinking...that sucks...but with a little perspective it doesn't seem so bad. See the IRS was gunning for $129 million so to come out owing less than 20% of that seems better somehow. And once again we find ourselves in the airline reality distortion field where a judgement in the millions of dollars AGAINST an airline doesn't seem to sting so much.