Airline Finance

Morrell (aeronautics, Cranfield U., UK) offers non-specialists an overview of airline finance management. Taking off with a review of typical cyclical trends in the industry's financial performance, he applies key techniques in financial analysis to such topics as financial statements (using British Airways as his model), valuation, privatization, planning and appraisal, sources of finance, aircraft leasing, and securitization (referring to cash flow, not security measures). The author acknowledges that the 9/11 terrorist attacks affects the industry's prospects. Includes supporting tables and graphs, and a glossary. The first edition appeared around 1996. Annotation c. Book News, Inc., Portland, OR