1-3 Fuel Expense
-Both AMR and US Airways show the similar pattern.
-Common Size and Comparative analysis also show the similar pattern.
⇛ Year2008 was a significant variable in fuel expense changes
Global Economic Downturn and Crude oil prices
Global Economic Crisis directly caused the explosion of oil price and
this brought the surge of fuel expenses as well
This phe
Consequences
Great deal in determining people's responses to the comparative evaluations
Feelings of inequity
Loss of group cohesion
Theft
Low quality
Withdrawal effort, leave
Increase turnover rate
Terrorist attacks in 2001:
Air traffic in US dropped of 45%
Passengers’ traffic dropped of 7.2% in 2001 and 4.7% in 2002
Iraq War in 2003:
air traffic dropped again in march 2003
AMR Corporation and US Airways airlines.
AMR Corporation and US Airways are the airlines among ‘Legacy carriers’ of US airlines. Legacy carriers are referring to the airlines which have survived even after the 1978 U.S. Deregulation of Airline Industry. Due to this deregulation, many of U.S. airlines failed to continue their business and faded away and many new airlines as well. Thus 6 surv
1. 회사개요 및 특징
아메리카 항공을 운영하는 미국의 종합운송 업체
설립 : 찰스A.린드버그 AMR lnc의 모회사이자 자회 사,1982년 82개 인수,합병하여 설립
본사소재지 : 텍사스주 댈러스의 포트워스
자회사 - AMR Inc., AMR Eagle, TWA LLC
항공기 보유수 AMR Inc - 833대, AMR Eagle – 293 대, TWA LLC - 無
3.
SECTION A: FINANCIAL ANALYSIS
1. Common Size (i) Income Statements and (ii) Balance Sheets
Income Statement - Common Size
AMR Corp Korean Air AMR Corp Korean Air
2007 2007 2006 2006
Revenues 100.0% 100.0% 100.0% 100.0%
Operating Expenses 95.8% 92.8% 95.3% 93.8%
Operating Income 4.2% 7.2% 4.7% 6.2%
Other Income(Expense) -2.0% -6.2% -3.7% -0.1%
Income before Income Taxes 2.2% 1.0%