Foundations of airline finance
Subtitle: methodology and practice
By: Bijan Vasigh, Kenneth Fleming, and Barry Humphreys
Edition: Second edition.
Published: 2015
Language: eng
Number of pages: 615
ISBN-13: 9780415743259; 9780415743266
Copyright date: 2014
Subjects: Cost of operation; Commercial Aeronautics; Finance; Airlines
Description: "In recent years the airline industry has experienced severe volatility in earnings, with airlines recording periods of substantial profits that are closely followed by periods of financial distress. This trend has continued into the new millennium, with numerous examples of airlines across the globe entering bankruptcy protection or liquidating. The text provides an introduction to both the basics of finance and the particular intricacies of airline finance where there can be significant fluctuations in both revenues and costs. This new edition also includes: capital budgetingmanagement of current assetsfinancial risk analysis fuel hedgingaircraft leasingThis textbook contains chapters that cover unique aspects of the aviation financial decision-making process. These include a rigorous and structured presentation of the buy versus lease decision that is prevalent in the industry, a valuation process for aviation assets, the recent trend toward privatization and the difficulty inherent in the valuation of a publicly-owned or semi-publicly owned asset. The Foundations of Airline Finance, now in its second edition, is an introductory text that can be used either as a general financial text or in a specialized class that deals with aviation finance in particular."--

"In recent years the airline industry has experienced severe volatility in earnings, with airlines recording periods of substantial profits that are closely followed by periods of financial distress. This trend has continued into the new millennium, with numerous examples of airlines across the globe entering bankruptcy protection or liquidating. The text provides an introduction to both the basics of finance and the particular intricacies of airline finance where there can be significant fluctuations in both revenues and costs. This new edition also includes: - capital budgeting - management of current assets - financial risk analysis - fuel hedging - aircraft leasing This textbook contains chapters that cover unique aspects of the aviation financial decision-making process. These include a rigorous and structured presentation of the buy versus lease decision that is prevalent in the industry, a valuation process for aviation assets, the recent trend toward privatization and the difficulty inherent in the valuation of a publicly-owned or semi-publicly owned asset. The Foundations of Airline Finance, now in its second edition, is an introductory text that can be used either as a general financial text or in a specialized class that deals with aviation finance in particular"--
Notes: Includes bibliogrqphical references and index.
Table of contents: title: 1. Airline Finance: An Overview; title: 2. Airline Cost Classifications; title: 3. The Time Value of Money and Its Setting in the Aviation Industry; title: 4. Assessments of Risk and Return; title: 5. Airline Financial Accounting Practices; title: 6. Financial Performance and Measurement; title: 7. Assessment of Financial Statements; title: 8. Airline Capital Budgeting; title: 9. Airline Capital Structure and Cost of Capital; title: 10. Management of Current Asset; title: 11. Revenue and Risk Management; title: 12. Analysis of Aircraft Leases; title: 13. Financial Trends in the Aviation Industry: Growth, Privatization, and Valuation.