This section will evolve and be populated over the coming months.
While students of the airline industry are typically well versed in operational issues, cost and revenue measures, there is less knowledge of the financial position and condition of individual companies.
The ADP provides a side-by-side analysis of the key income statement line items, comparing data filed on the U.S. DOT Form 41 and the 10Q and 10K filings with the Securities and Exchange Commission (SEC).
We caution users to rely on the SEC filings for complete analysis of a company’s financial position as the Form 41 filings may not fully reflect each company’s position given slight differences in the way each airline reports costs and revenues.
To start, the ADP provides a basic set of data and analysis highlighting earnings and the impact on a company’s cash flow, as well as the impact of earnings and cash flow on liquidity and capitalization positions.
The ADP will perform analyses of each U.S. airline that files with the SEC and provide the ratios most commonly used in the analysis of a company’s financial position. These ratios can be used for basic analysis of an individual company, as well as for comparison purposes with other companies examined by the Airline Data Project.