I brought this up on another thread and it got me thinking - do we have any other analysts here?
A couple of people have asked me about being an airline analyst, and so I thought I'd share with you what my job involves.
I work for a very large business information company that provides credit/status checks on shipping companies, airlines, logistics companies, port agents, container lessors etc. I run the aviation side of things, and we have four of the top five jet A suppliers as our clients, but we also have airports, paints suppliers, lessors, and even competitors in our client base. They come to us for a detailed credit opinion of the subject company, and typically our report would be in excess of 8,000 words or so. We do a detailed analysis of the company existing operations, (business model, strategy, fleet, network, commonality, alliances etc) a risk analysis, future industry trends relevant to the company, and an outline of what we think, in basic terms, their immediate-term outlook is, and what signs of a medium-term strategy we can see taking shape.
We contact the company, look at their ownership and share structure, share price if applicable, and analyse to what extent the company’s backers can offer support. We get access to their financials and we do a very detailed breakdown of their accounts, looking at liquidity, debt/equity ratios, gearing, and taking apart their debt portfolio. We call a number of key suppliers to the company and get payment/operational references which we tie in to the liquidity analysis if need be.
Lastly, we formate a credit rating like the big ratings agencies such as Standard & Poor’s, but we add an opinion, citing to what extent the company should be able to support unsecured credit and to what level, whether payment issues are to be expected, and whether a guarantee of any kind is to be sought.
This format applies to shipping companies as well, and I also manage the container, logistics, ro-ro, PCC/PCTC, ferry, and cruise sectors, with a small team working under my management. We undertake more detailed research/investigation on demand.
Please feel free to ask me any further questions should you need more information, or you can email me if you want to keep it off the board.
What do you mean you dont have any bourbon? Do you know how far it is to Houston? What kind of airline is this???