AIRLINE FINANCING POLICIES IN A DEREGULATED ENVIRONMENT

This is an examination of the major financing decisions and their impact on the earnings per share for the following 12 airlines: Alaska (AAL), Delta (DAL), Eastern (EAL), Frontier (FAL), Northwest (NWA), Pacific Southwest (PSA), Pan American (PAA), People Express (PEA), Southwest (SAL), Trans World (TWA), United (UAL), and US Air (USAL). The unfavorable effects of leverage on EAL, PAA, and PEA are outlned and reasons for these carriers' reliance on fixed-cost financing are advanced. The study also outlines the changes by TWA to reduce its heavy debt load. The financial policies of the remaining airlines are briefly discussed.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1588960
• Corporate Authors:

  American Society of Transportation and Logistics

  1816 Norris Place
  Louisville, KY  United States  40205
• Authors:
  • Chow, G
  • Gritta, R D
  • Hockstein, R
• Publication Date: 1988

Media Info

• Features: Appendices; Figures; References;
• Pagination: p. 37-48
• Serial:
  • Transportation Journal
  • Volume: 27
  • Issue Number: 3
  • Publisher: American Society of Transportation and Logistics
  • ISSN: 0041-1612
  • Serial URL: https://scholarlypublishingcollective.org/psup/transportation-journal

Subject/Index Terms

• TRT Terms: Airlines; Deregulation; Financing; Policy
• Subject Areas: Administration and Management; Aviation; Finance; Highways; Policy;

Filing Info

• Accession Number: 00469158
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 30 1988 12:00AM