Air leases more. So this should be considered as advantage for AMRCorp when comparing the two companies for investment.
Liabilities & Shareholder’s Equity
AMRCorpKoreanAirAMRCorpKoreanAir
2007 2007 2006 2006
Accounts Payable 4.1% 1.3% 3.7% 1.7%
Short-Term Debt 0.0% 3.5% 0.0% 2.7%
Accruals 7.9% 7.6% 7.9% 7.4%
Air traffic liability 13.9% 0.0% 13.0% 0.0%
Current maturities of
theairline companies inthe states. They all had implemented unreasonable business policy like cutting price in half or issuing comp tickets, in order to attract passengers as much as possible. They generally had offered people to get the maximum discount rate of 50% ofthe original price which was extremely risky for them. This policy is come from the quotation “The best solution is a cash fl
of U.S. corporations. Since 2000, margins have been consistently negative. Major air carriers have recorded a surprising loss and have fallen down constantly for the past 7, 8 years. Depressions intheairlines industry were caused by many factors. First, unexpected accidents including 9.11 have been a big shock totheindustry. It has made people fear to fly across the country. Moreover, oil pri
in politics, economy and technology
2. Essential industry for a nation’s economic activity
It facilitates indispensable human and material resources for national economy
3. It activates tourism industry and facilitates the balances ofinternational trade
4. It enables and facilitates the social and cultural interaction.
5. A high value added industry
The number ofaircraft produced is ve
KoreanAir Line, KAL, is one ofthe most famous airline company of South Korea. KoreanAir takes the lead in global transportation network and plays a key role in enhancing Korea's status.
Vision :
“To be a Respected Leader inthe World Airline Community”
Mission : Excellence in Flight - Operational Excellence - Service