JoeCattoli
Topic Author
Posts: 492
Joined: Sun Aug 14, 2005 1:06 am

How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 1:39 am

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]
 
787engineer
Posts: 545
Joined: Sat Dec 10, 2005 5:08 am

RE: How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 1:44 am

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.
 
Poitin
Posts: 2651
Joined: Wed Jan 25, 2006 6:32 am

RE: How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 1:49 am

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.
Now so, have ye time fer a pint?
 
JoeCattoli
Topic Author
Posts: 492
Joined: Sun Aug 14, 2005 1:06 am

RE: How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 2:14 am

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
 
Poitin
Posts: 2651
Joined: Wed Jan 25, 2006 6:32 am

RE: How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 2:52 am

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]
Now so, have ye time fer a pint?
 
RobTrent
Posts: 255
Joined: Sun Dec 18, 2005 5:48 am

RE: How To Find The Profit Or Loss Of An Airline?

Sat Apr 08, 2006 3:00 am

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
T7 - You know it makes sense !