According to a Friday report, Delta Airlines apparently gave up a 40 million dollars tax break over thirteen passengers. This is rather strange, so let’s elaborate: as per a Delta Airlines spokesperson quoted by USA Today, the Atlanta based company admitted that only 13 of its passengers used the NRA discount which comes automatically with their National Rifle Association membership, to buy tickets. The thing is, following Delta Airlines announcement about cutting ties with the NRA in the aftermath of the Florida mass shooting, Georgia lawmakers passed a law that scrapes tax benefits on jet fuel for Delta over the company’s decision to part its way with the National Rifle Association, which translates into roughly 40 million dollars.
HuffPost reported Friday that Delta Airlines’ CEO Ed Bastian would not back down on its cancellation of discounts for people affiliated with the NRA:
“Our objective in removing any implied affiliation with the NRA was to remove Delta from this debate. Our decision was not made for economic gain and our values are not for sale. We are in the process of a review to end group discounts for any group of a politically divisive nature”
said Delta Airlines CEO in an official statement. The bill passed by Georgia lawmakers on Thursday removed the tax break on jet fuel from a tax bill that would have helped Delta to save approximately 40 million bucks, with Georgia Republicans saying the bill was basically a punch in the eye, to send a message to the airline company.
I guess the presumed fiduciary relationship Ed Bastian should have with his stock holders is of no value to him since he is willing to sacrifice millions of dollars in revenue and millions of dollars in saved expenses to satisfy his sense of political correctness. If I had stock in Delta, I would sell it based upon Ed Bastian’s contempt for me as a share holder.
By the way, I’m not offended by Delta’s position on the NRA. I’m offended that Delta is taking political positions at all. Their job is to serve the public, not to tell us how to think; I’m tired of being preached to by vendors.