Customer Reviews

Airline Finance

5 star:		(1)
4 star:		(0)
3 star:		(2)
2 star:		(1)
1 star:		(1)

 

 

This book concentrates too much on accounting at the expense of economics. It also gives short shrift to some of the most important concepts in airline finance today, including EETCs (enhanced equipment trust certificates). It's not bad when it comes to discussing the difference in national accounting systems, but a better source for that is Airline Business magazine's study "Mind the GAAP". Morrell's book is pretty rudimentary when it considers things like buy vs leases analyses.

Airline finance can get reasonably involved, with all sorts of tax issues. This book barely scrapes the surface of the topic. Morrell is clearly not a practioner.

I would have expected a bit more from a book called "airline finance" - while there is a lot of breadth, the author rarely goes into detail on any one topic - like others have said, this book is more of an "outline" than a reference text. Also, the material is dated - given the recent movements in the airline industry, it would have been interesting to see a little bit more on acquisition finance, network synergies, etc. Obviously the author has no control over this...

Not sure if the books worth the money if you're looking for a detailed in depth guide but you will become familiar with industry terms and get an overall sense of how airline finance might work.

Basically the Book is good in terminology, genearal formula and methodology etc. The problems are (obviously) actual data. Major of them are coming from years 2003 - 2005. Can they be compared with those today (especially fuel) ? But different cost results completely changed the industry (just from the last week monitoring : XL, Alitalia . . . . , SAS, ... Brussels airlines). I do not wish to blame the author, just to recall everybody how fast time flies .... and how difficult is to be "in" with updated (completed) data in airline business. Solution can be online, elearning etc. Is Amazon thinking about such solution ? With kind regards Bohuslav

For students of Air Transport this book is not worth the paper it is written on. It does not deal with crucial elements - where on earth is buy vs. lease? It is vague on all issues and as a result it is impossible to gain any significant depth of knowledge on any of the topics. It is also littered with numerous mistakes and the text seems to be lacking confidence and assurance.

On the other hand, if I pass my finance exam, it has been an invaluable and worthwhile source.

An excellent book. Very informative with lots of good examples. I would recommend it without hesitation. Subjects are examined clearly and the text is easy to read and digest. Money well spent.