By Andrew Thomas
Beaufighter Aces of worldwide struggle 2 КНИГИ ;ВОЕННАЯ ИСТОРИЯ Издательство: Osprey Publishing LtdСерия: airplane of the Aces 65Автор(ы): Andrew ThomasЯзык: EnglishГод издания: 2005Количество страниц: 100ISBN: 1-84176-846-4Формат: pdf (300 dpi)Размер: 82.3 mbRapid eighty five
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Jet Airways, in operation since mid-1990s, is a fabulous airline and quickly became bigger and better than the state owned Indian Airlines. The Indian people began to expect good service and a number of other private airlines were formed. Traffic for the past three years has been growing at Chinese rates of over 20 per cent annually and India seems now the darling of aircraft sales people. Decomposing Revenue: Yields Again, here the picture is nothing but spectacular. It may not be a positive spectacular for airlines though.
8 Cumulative Real Net Profits, World, 1947−2005 Source: Air Transport Association of America, Inc. towards a fairly depressing state of ﬁnancial aﬀairs of airlines. As mentioned before, the US industry has historically been doing beĴer than the rest of the world. In light of this fact it is illuminating to look at the long term returns, at both the operating and net levels, from 1940 on. The data are from US Government ﬁlings called the Form 41 data. They show that aĞer initial non-spectacular decades the industry from 1980 on hovers around the zero net margin level.
He calculates a net type of return to the US airline industry taking into account the cost of capital. According to his calculations, 26 Why Can’t We Make Money in Aviation? , Ltd. 12). In other words, it burned capital every year except for one. It is worth noting at this point that the data cover the period from 1980 until early 2003 and does not include the time of even larger losses experienced by US airlines after 2003. Airlines would do better by putting money in a savings account or even under a mattress than by continuing their operations.
Beaufighter Aces of World War 2 by Andrew Thomas