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Old 25th Jun 2004, 22:45
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The SSK

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The convention is to treat interest as a quasi-operating cost and calculate operating profit (loss) both before and after interest.

But bear in mind that interest works both ways - airline journeys are invariably paid for in advance of the costs incurred and all that revenue - $92m p.a. in the case of my 747 above - is earning interest from the day it is received. So the net interest burden is much lower and can even be negative.
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