Chihi Airways had the following results for the past three years: Required a. Calculate the following for
Question:
Chihi Airways had the following results for the past three years:
Required
a. Calculate the following for 2009, 2008, and 2007:
1. Operating ratio
2. Long-term debt to operating property
3. Operating revenue to operating property
b. Comment on trends found in the ratios computed in (a).
c. Comment on the passenger loadfactor.
Transcribed Image Text:
2009 2008 2007 (In thousands of dollars) Operating expenses Operating revenues Long-term debt Operating property Passenger load factor $1,550,000 1,520,000 S1480,000 1,670400 1,620,700 895,000 985,000 57.8% 1840000 1670400 1620,700 910,000 995,000 66.5% 900,500 990,000 59.0%
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a 1 Operating Ratio Operating Expenses Operating Revenues 2009 2008 2007 1550000 1520...View the full answer
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Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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