Four-thousandths
I was happy to read that, for the first time in six years, AMR, parent of American Airlines, Tulsa's largest employer, turned a profit in 2006, $231 million on revenue of $5.39 billion.
It's funny to think, back in 2003, Tulsans were told that American Airlines needed our tax dollars in order to keep their maintenance facility in Tulsa. We voted to tax ourselves over 13 years to give AA $22.3 million.
Compare that number to AMR's annual revenues: It's only 0.4% -- four thousandths -- of AMR's 2006 revenue. That gift to AA was the equivalent to giving $200 to someone who makes $50,000 a year. It's not nothing, but it's a drop in the bucket, not even two days' revenue.
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Don't forget the hangers we voted for in the 3rd penny last year. Which may cost more to build than what was in the vote.
$22.3 million over thirteen years is chump change for AMR, but not for Tulsa. We sure have a lot of pot holes to fix. I bet this years share of $1.7 million would fix a lot of them.
That also does not count the $10 Million in Public Works projects around the airport prior to 3rd Penny votes for AA and the $1/Year lease on the old Home Depot property (now AA's Brake Repair Center).
They donate to the Drillers, et al, we pay 'em back. They get the deduction, we get ...
Any wonder why I am SUCH a DISGRUNTLED crank?
Then, they went and cancelled their non-stop flights to Los Angeles. I never understood that. Those flights were always busy.