Airline Finance |  | Author: Peter S. Morrell
Publisher: Ashgate Pub Co
Category: Book
List Price: $114.95
Buy New: $68.47
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Rating:  4 reviews
Sales Rank: 274984
Media: Hardcover
Edition: 3
Pages: 259
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.2 x 6.4 x 1
ISBN: 0754670007
Dewey Decimal Number: 387.71
EAN: 9780754670001
ASIN: 0754670007
Publication Date: May 21, 2007
Availability: Usually ships in 1-2 business days
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Product Description
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 third 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 third edition reflects the many developments that have affected the industry since 2001. It features several important new topics, including Low Cost Carriers (LCCs), fuel hedging and US Chapter 11 provisions. The sections on airline revenues, costs and beta values have been expanded. New case studies have been added, as well as the latest available financial data. The range and perspective is even greater than before, with significant expansion of material specific to the US and Asia. 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.
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| Customer Reviews:
 One of the best books on airline finance I have ever read. May 13, 1999
2 out of 8 found this review helpful
An excellent book. Very informative with lots of good examples. I would recommend it without hesitation. Subjects are examined clearly and the text is easy to read and digest. Money well spent.
Time flies too fast September 15, 2008
Santrucek Bohuslav (Prague, Czech Republic)
1 out of 1 found this review helpful
Basically the Book is good in terminology, genearal formula and methodology etc. The problems are (obviously) actual data. Major of them are coming from years 2003 - 2005. Can they be compared with those today (especially fuel) ? But different cost results completely changed the industry (just from the last week monitoring : XL, Alitalia . . . . , SAS, ... Brussels airlines). I do not wish to blame the author, just to recall everybody how fast time flies .... and how difficult is to be "in" with updated (completed) data in airline business. Solution can be online, elearning etc. Is Amazon thinking about such solution ? With kind regards Bohuslav
 A great outline for a book yet to be written August 24, 1998
13 out of 15 found this review helpful
This book concentrates too much on accounting at the expense of economics. It also gives short shrift to some of the most important concepts in airline finance today, including EETCs (enhanced equipment trust certificates). It's not bad when it comes to discussing the difference in national accounting systems, but a better source for that is Airline Business magazine's study "Mind the GAAP". Morrell's book is pretty rudimentary when it considers things like buy vs leases analyses.Airline finance can get reasonably involved, with all sorts of tax issues. This book barely scrapes the surface of the topic. Morrell is clearly not a practioner.
 Haven't decided yet April 18, 2000
8 out of 14 found this review helpful
For students of Air Transport this book is not worth the paper it is written on. It does not deal with crucial elements - where on earth is buy vs. lease? It is vague on all issues and as a result it is impossible to gain any significant depth of knowledge on any of the topics. It is also littered with numerous mistakes and the text seems to be lacking confidence and assurance.On the other hand, if I pass my finance exam, it has been an invaluable and worthwhile source.
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