• 0 Posts
  • 17 Comments
Joined 7 months ago
cake
Cake day: December 29th, 2023

help-circle








  • They are facing a genuine supply issue. A different company made a sudden move because they wanted to maximize profits.

    Tyson, one of the main chicken processors, killed their no-antibiotics program at the end of 2023. They moved from claiming meat came from chickens that had had no antibiotics used (NAE) to claiming no human-relevant antibiotics had been used (NAIHM).

    The rest of the market can’t meet the demand for NAE, at least not in the short term.




  • My understanding is that amortization is the confusing part of the situation OP is asking about. When you have an asset, the cost of it is deducted from income over the useful life. By declaring that it will never be released, the useful life is reduced to zero, allowing them to take the whole tax deduction at once.

    They still would have been better off never spending the money. Since they already have, if they have so little cash that they can’t afford their tax bill, it might make sense to throw away future income to stay afloat now.


  • Spirit installs the plugs before delivering to Boeing. If Boeing identifies issues with the plugs after they get the fuselages, it’s Spirit crews that are responsible for fixing them.

    They also install the pressure bulkheads that they were misdrilling, which they knew were a problem for a year and covered up. They have a history of punishing internal inspectors for identifying problems.

    Boeing has been dropping the ball on catching these issues, but with how many different subtle things Spirit has been screwing up, it’s likely Airbus has missed things too. Spirit’s management has no place in safety-critical industry.