reduction of the mortgage service portfolio, prevailing business conditions and capital requirements. Before the crisis however this ratio was constant due to the strong rates of growth in the markets. After the crisis however continued decrease as a result of tight credit conditions, reduced economic growth and a weak housing market.
The cash to flow assets, this is, the ratio that measures the
situation. In addition to that, the president of one carrier in the States said that a cash flow from its operations won’t meet liquidity needs and that it could run out of cash before year’s end.
Furthermore, FSCs have been spoiled by the increase of fuel cost which takes a big share of their operational cost and the decrease of the number of frequent flyers or long-distance customers.
I. Introduction of the Project
1. The Reasons for Selecting Companies
For this project, after discussion our team has chosen two major airline companies in the United States which are Delta Airlines and Hawaiian Holdings.
Why we selected this industry because it is very interest part for hospitality industry and they are very famous companies in the United States. When we finished final proj
1. Introduction of the project
1) Purpose of project
Through the project, we want to build extensive knowledge about cruise industry and accounting analysis (common size analysis, comparative analysis, and ratio analysis). We believe that the project makes us accounting experts.
Cruise Industry has grown and continues to grow enormously in scale. It is frequently regarded as a small but sig
ration 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 surviving air