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How To Find The Profit Or Loss Of An Airline?  
User currently offlineJoeCattoli From Italy, joined Aug 2005, 569 posts, RR: 3
Posted (8 years 6 months 3 weeks 13 hours ago) and read 5174 times:

I'd like to ask i someone knows good sources about the financial situation of an airline e.g. how to find the loss of AZ in the last month and year, and the profit of AY in the last month/year. I mean... airlines have to publish their economical stats... is there a website where you can find something about it?
Thanks

Ciao
Joe

[Edited 2006-04-07 18:40:21]

5 replies: All unread, jump to last
 
User currently offline787engineer From United States of America, joined Dec 2005, 572 posts, RR: 15
Reply 1, posted (8 years 6 months 3 weeks 13 hours ago) and read 5168 times:

I know most airlines if you go to their website and under "about us" or "investor relations" tab you should be able to find some financial reports.

User currently offlinePoitin From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 6 months 3 weeks 13 hours ago) and read 5165 times:

Quoting 787engineer (Reply 1):
I know most airlines if you go to their website and under "about us" or "investor relations" tab you should be able to find some financial reports.

This is an excellent starting point.

In the case of the US airlines, that is to say airlines traded on the NYSE, NASDAQ or other stock markets controlled by the SEC, you want to see their 10K and 10Q reports, which are very dry but now very accurate. As for foreign airlines, I can only tell you that the "annual report" for EI is a joke.


User currently offlineJoeCattoli From Italy, joined Aug 2005, 569 posts, RR: 3
Reply 3, posted (8 years 6 months 3 weeks 12 hours ago) and read 5152 times:

Quoting Poitin (Reply 2):
As for foreign airlines, I can only tell you that the "annual report" for EI is a joke

This is the problem... my question was about a different source of information from the airlines website... Someone who analyzes the financial data in an unbiased manner...

Ciao
Joe


User currently offlinePoitin From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 6 months 3 weeks 12 hours ago) and read 5121 times:

Quoting JoeCattoli (Reply 3):
As for foreign airlines, I can only tell you that the "annual report" for EI is a joke

This is the problem... my question was about a different source of information from the airlines website... Someone who analyzes the financial data in an unbiased manner...

Ciao
Joe

I doubt you will find any such "unbiased" reports. The reason is information. The SEC rides very hard on all publicly traded stocks in the US. They have very specific forms that MUST be filled out and with the recent Sarbanes-Oxley - Financial and Accounting Disclosure Information act, the CEO is now criminally responsible for any mistruths in the 10K and 10Q. Not too many other countries have that.

Any analyst will be only able to go by what he is given by the company, and that has often been abused, witness the Enron and Worldcom scandals. You might want to look at stocks listed on NYSE or NASDAQ. Then you would have the advantage of going to any of hundreds of reports.

One other resource you might try is the various D&B sites. Hoovers comes to mind.

http://www.hoovers.com/airlines/--HI...D__1600--/free-ind-factsheet.xhtml

However, they are going on what they were told by management.

[Edited 2006-04-07 20:05:26]

User currently offlineRobTrent From United Kingdom, joined Dec 2005, 260 posts, RR: 0
Reply 5, posted (8 years 6 months 3 weeks 12 hours ago) and read 5114 times:

In the UK - You can get access to Profit and Loss accounts through companies House.
http://www.companieshouse.gov.uk/

I think you have to pay for the different reports though.

Regards
R



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