In addition to losses due to attorney's fees, certain expenses incurred in bankruptcy court might be eligible for 10-year carryback treatment (such losses would fall under the "arising under federal law" portion of Sec.
Finally, losses due to environmental cleanup, worker's compensation liabilities and antitrust liabilities are a potentially significant source of losses eligible for the application of Sec.
To be eligible for carryback treatment, losses due to liabilities arising under state or Federal law must have been incurred due to an act (or failure to act) occurring at least three years before.
Also, if some portion of the taxpayer's losses was due to tort liabilities or liabilities arising under state or Federal law, that portion of the losses could not be applied to years beginning prior to Jan.
8% mainly due to increased headcount as well as to a slight appreciation of local currencies in relation to the US dollar.
1% mainly due to the incorporation of 14 new aircraft (three Boeing 767-300ER, one Boeing 767-300F and ten Airbus 319), and to the reclassification of certain expenses due to the change in maintenance accounting policies in January 2006.
3% as a result of the impact of increased operations on landing and ground-handling fees, as well as increases in fees in the United States, Ecuador and Brazil, compounded by higher insurance expenses due to a larger fleet.
4% mainly due to an increase in leased aircraft as compared to 3Q05.
2% as increased costs due to capacity growth were compensated by efficiency gains related to fleet renewal programs, and the reclassification of certain expenses due to the change in maintenance accounting policies in January 2006.
7% due to increased operations, which resulted in increased sales costs and costs related to the Company's frequent flyer program LanPass, as well as due to higher marketing expenses.
4% due to lower average cash balances, interest expense increased 59.
1% mainly due to increases in headcount and a stronger Chilean peso.
0% as increased costs due to capacity growth were compensated by efficiency gains related to fleet renewal programs, the renegotiation of maintenance contracts with third parties, and the reclassification of certain expenses due to the change in maintenance accounting policies in January 2006.