Airline Finance - Hardcover

Peter Morrell has cleverly dissected the key aspects of airline finances and provided an excellent guide to both the routine financial requirements, such as financial statements and ratios, and also to the specific issues facing airline finance executives, such as airline risk management, valuations and privatisations. This is an essential compendium to airline finance executives, their financiers and investors and anyone with a passion for this fascinating industry.'Ian Milne, British Airways. Author of Bridging the GAAP'...an excellent introduction for anyone starting at an airline or in aircraft finance...an excellent, clearly written introduction to the subject.' Air Finance journal'...a fascinating book that, in just over 250 pages, managed to provide a good explanation of many of those 'strange things' that you often read about but struggle to find a clear explanation for, such as the valuation of route rights, leasing options and costs of frequent flyer programmes...very good...' M2 Best Books'...a well written text providing the essentials to understanding all areas of airline finance and can be treated as a key resource for students of airline management.' Aerlines Magazine'Airline Finance is a handy resource guide for either the security analyst assigned to follow the airline industry or for an aviation executive who needs to implement financial strategies intended to increase shareholder wealth.'Aerlines, March 2009 'The book strikes the right balance between the practical and technical financial elements, incorporating a range of aviation examples (often via useful box case studies) as well as hypothetical work-through examples. All in all, it provided me with some very useful insights into airline finance, both in terms of the detailed airline financial calculations required and the bigger aviation issues that impact upon financial decision-making.' Journal of Transport Geography, vol. 37, 2014

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 provide explanations for the singularities of the airline industry with worked examples drawn directly from the industry itself. Revised and updated in its fourth edition, this internationally renowned and respected book provides the essentials to understanding all areas of airline finance. Designed to address each of the distinct areas of financial management in an air transport industry context, it also shows how these fit together, while each chapter and topic provides a detailed resource which can be also consulted separately. Supported at each stage by practical airline examples, it examines the financial trends and prospects for the airline industry as a whole, contrasting the developments for the major regions and airlines. Important techniques in financial analysis are applied to the airline industry, together with critical discussion of key issues. Thoroughly amended and updated throughout, the fourth edition reflects the many developments that have affected the industry, with a particular emphasis on the full impact of the global banking and sovereign debt crises. This edition also features new material discussing the increased airline mergers and acquisitions (M&A) activity of recent years, and considers the likelihood of further consolidation in the future. The book is a key resource for students of airline management, and a sophisticated and authoritative guide for analysts in financial institutions and consultancies, executives in airlines and related industries, and civil aviation departments.