Description
Book SynopsisThere are few industries that have had a more profound impact on business and society over the last century than aviation. This book is an accessible, up-to-date introduction to the current state of the aviation industry which provides readers with the tools necessary to understand the volatile and often complicated nature of airline finance.
Understanding finance is critical in any industry; however, the financial track record of the airline industry places even more importance on effective financial management. Foundations of Airline Finance provides an introduction to the basics of finance including time value of money, the valuation of assets, and revenue management and the particular intricacies of airline finance where there can be wild fluctuations in both revenues and costs. The third edition of this text has been extensively updated to reflect the many changes in the air transport industry that have taken place since the publication of the second edition, and
Trade Review
"Foundations of Airline Finance is a comprehensive text book for Aviation Management students and aviation professionals seeking to acquire useful knowledge on budgeting, finance and economic concepts and trends in the global air transportation domain" — Dr. Wali Mughni, Dean & Director, Aviation Institute of Management
"An excellent insight into the area of Aviation Finance and a manual that you will turn to time and again during your career" — Dr. John A. Kolmos, Assistant Professor CUNY Aviation Institute
Table of ContentsPart 1 – Theoretical Aspects of Airline Finance 1. Airline Finance: An Overview 2. Cost Classifications and Control 3. The Time Value of Money and its Setting in the Aviation Industry 4. Assessments of Risk and Return Part 2 – Airline Accounting and Finance 5. Airline Financial Accounting Practices 6. Financial Performance and Measurement 7. Assessment of Financial Statements Part 3 – Airline Capital Budgeting 8. Airline Capital Budgeting 9. Airline Capital Structure and Cost of Capital 10. Management of Current Assets Part 4 - Practical Applications of Airline Finance 11. Airline Fuel Hedging Practice 12. Analysis of Aircraft Leasing 13. Application of Financial Theory to Aviation Industry 14. Airline Revenue Management
