Table of Contents

Preface; Industry financial performance; Airline financial statements; Airline financial ratios; Airline valuation; Sources of finance; Equity finance; Airline privatisation; Airline financial planning and appraisal; Risk management: foreign currency and fuel price; Aircraft leasing; Aircraft securitisation; Airline bankruptcy; Industry financial prospects; Bibliography; Index.

About the Author

Dr Peter S. Morrell is Director of Research in the Department of Air Transport, College of Aeronautics, Cranfield University, UK. He is currently European Editor of the Journal of Air Transport Management, and has a doctorate from Cranfield University and graduate degrees from the University of Cambridge, UK and Massachusetts Institute of Technology, USA. He has advised governments, airlines, airports and investment banks on aviation over the past 35 years. He has also lectured on airline economics and finance to universities and institutions around the world including Embry-Riddle Aeronautical University in the US, Instituto Aviacao Civil, Brazil, Ecole National de L'Aviation Civile (ENAC), France, the Universities of Westminster and Loughborough in the UK, Danube University, Austria, Chang Jung University, Taiwan, University of New South Wales, and is currently visiting lecturer to the Polytechnic University in Hong Kong.