Health of an Airline info?
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Join Date: Feb 2000
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Health of an Airline info?
Hi All,
Does anybody know where I could view the financial well-being of airline companies? Is this information provided online ?
With so many rumours/scaremongering about various Airlines folding etc it'd be nice to get some genuine financial facts.
Thanks
T.
Does anybody know where I could view the financial well-being of airline companies? Is this information provided online ?
With so many rumours/scaremongering about various Airlines folding etc it'd be nice to get some genuine financial facts.
Thanks
T.
Wouldn't we all like to know who will be next to go bust?!
Unfortunately, the request is impossible to satisfy. It is illegal for a company to trade when insolvent, and the Directors are personally responsible, along with numerous advisors if the said company is publicly quoted.
Most companies 'prepare' their annual/quarterly figures for publication, so the public/investors/creditors only see what the Directors want seen.
All you can do is look at historic information, add to that your interpretation of the industry/sector/individual operator's performance, and make a subjective judgement.
Unfortunately, the request is impossible to satisfy. It is illegal for a company to trade when insolvent, and the Directors are personally responsible, along with numerous advisors if the said company is publicly quoted.
Most companies 'prepare' their annual/quarterly figures for publication, so the public/investors/creditors only see what the Directors want seen.
All you can do is look at historic information, add to that your interpretation of the industry/sector/individual operator's performance, and make a subjective judgement.
