Financial Analysis Of Selected Airlines

A BRIEF ANALYSIS OF SELECTED AIRLINE¡¯S PROSPECTS

Table of Contents:

1.    Introduction    3
2.    Trends and Strategies in the Airline Industry: a Brief Overview    3
3.    Airline Profiles    5
3.1    Southwest Airlines    5
3.2    United Airlines    5
3.3    American Airlines    5
4.    The Impact of Acquisitions and Mergers    6
4.1    United Airlines/USAir    6
4.2    American Airlines/Trans World Airlines    7
4.3    Southwest Airlines/ATA    7
5.    The Impact of Bankruptcy Proceedings on Untied Airlines    8
6.    Effect of United Airlines Chapter 11 Proceedings on Other Airlines    9
7.    External Factors Affecting the Airline Industry    9
7.1    Effects of September 11 on the Airline Industry    9
7.2    Effects of the Iraq War on the Airline Industry    10
7.3     Effects of SARS on the Airline Industry    10
7.4    The Impact of Oil Prices    11
7.4.1    Fuel Hedging    11
7.4.2    Jet Fuel Hedging Strategies    12
7.4.3    Airline Stock Prices Fall Due to Record Fuel Prices    13
8.    Conclusion    13
 

1.    Introduction
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