Airline finance
"Air transport industry finance, with its complexity and special needs such as route rights, airport slots, aircraft leasing options and frequent flyer programmes, requires specific knowledge. While there are numerous financial management and corporate finance texts available, few of these prov...
| Основен автор: | Morrell, Peter S., 1946- |
|---|---|
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
Farnham, Surrey, England ; Burlington, VT :
Ashgate,
℗♭2013.
|
| Издание: | 4th ed. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=531867 |
| Подобни документи: |
Print version::
Airline finance. |
Съдържание:
- Cover; Contents; List of Figures; List of Tables; Preface; 1 Industry Financial Performance; 1.1 The Impact of the Banking Crisis, Post-2008; 1.2 World Airline Financial Results; 1.3 Factors Affecting Financial Results; 1.4 Asset and Labour Efficiency; 1.5 Financial Results of Main Airline Suppliers; 1.6 Key Financial Issues; 1.7 Mergers and Acquisitions (M & A) and Alliances; 2 Airline Financial Statements; 2.1 Introduction; 2.2 Profit and Loss Account (Income Statement); 2.3 Balance Sheet; 2.4 Balance Sheet Comparison: Cathay Pacific versus US Airways; 2.5 Cash Flow Statement.
- 2.6 Value Added Statement2.7 Cash Value Added; 2.8 Progress Towards Greater Accounting Standardisation; Appendix 2.1: Frequent Flyer Programme Award Accounting; Appendix 2.2: Accounting for Finance and Operating Leases; 3 Airline Financial Ratios; 3.1 Performance/Earnings Ratios; 3.2 Risk or Solvency Ratios; 3.3 Liquidity Ratios; 3.4 Stock Market Ratios; 3.5 Inter-airline Comparison of Financial Ratios; 3.6 Interpretation Problems; 4 Airline Valuation; 4.1 The Valuation of Intangible Assets; 4.2 The Valuation of Tangible Assets; 4.3 The Valuation of the Airline as a Whole.
- 4.4 Ratings Agencies5 Sources of Finance; 5.1 Sources of Internal Finance; 5.2 Sources of Short-term External Finance; 5.3 Sources of Long-term External Finance; 5.4 Institutions Involved in Aircraft Finance; Appendix 5.1: Term Loan Repayment, Book Profit and Manufacturers' Pre-payments; 6 Equity Finance; 6.1 Share Issues; 6.2 Equity Finance for Start-up Airline; 6.3 Foreign Ownership Limits; 6.4 Share Trading and Stock Market Listings; 6.5 Initial Public Offering (IPO); 6.6 Mergers and Cross-investment; 7 Airline Privatisation; 7.1 Full Privatisation Through Flotation
- British Airways.
- 7.2 Full Privatisation Through Trade Sale and Flotation
- Qantas7.3 Gradual Privatisation
- Lufthansa; 7.4 Partial Privatisation
- Kenya Airways; 7.5 Full Privatisation and Trade Sale
- Iberia; 7.6 Gradual Privatisation and Acquisition
- Air France; 7.7 The Results So Far; 8 Airline Financial Planning and Appraisal; 8.1 Budget Preparation and Control; 8.2 Working Capital Management; 8.3 Financial Planning; 8.4 Start-up Airline Business Plan; 9 Risk Management: Foreign Currency, Fuel Prices and Interest Rates; 9.1 Exchange Rate Volatility; 9.2 Airline Trading Exposure to Currency Movements.
- 9.3 Airline Balance Sheet Exposure to Currency Movements9.4 Airline Foreign Exchange Risk Management; 9.5 Fuel Price Exposure; 9.6 Interest Rate Exposure; 10 Aircraft Leasing; 10.1 Finance Lease; 10.2 Operating Lease; 10.3 Japanese Operating Lease (JOL); 10.4 Wet Lease; 10.5 Sale and Leaseback; Appendix 10.1: Lease Rental Calculations; Appendix 10.2: Lease versus Buy Decision; 11 Aircraft Securitisation; 11.1 Equipment Trust Certificates (ETCs); 11.2 ALPS 92-1 Securitisation; 11.3 ALPS 94-1 Securitisation; 11.4 Airplanes 96 Securitisation; 11.5 ALPS 96-1 Securitisation.