Marriott also pointed out that in the lean years, the company deferred many of the management fees the partnerships were supposed to pay.

So in the December quarter, the company deferred $1.67 billion of revenue.

This allows companies to defer taxes and reduce cash outlay on new aircraft.

The company has also deferred plans to cut another 2,800 jobs until next year, so it can meet the current service demands.

In early 2008 the company indefinitely deferred further aircraft deliveries and then cut capacity.

A company could also defer pay above $1 million and still take a deduction on its taxes once the executive took the money.

These products allow companies to defer or even eliminate taxes on investment gains in deferral accounts.

American companies can usually defer paying taxes on foreign profits as long as they keep the money outside the United States.

Previously, the company deferred the revenue over a period of 24 months to account for the life cycle of the product.

It meant that a fast-track company with a low income base could defer its payments.