What matters most for Global Aviation Inc - profit, cash flow or balance sheet?

摘要

Against the backdrop of the latest forecast from the International Air Transport Association (Iata), which projects aggregate industry profitability to reach an all-time high of $29.3 billion in 2016, we look at the industry's financial performance since the last peak in 2007 and ask the question: "What counts for more - profit, cash flow or balance sheet?" The analysis is based on data from The Airline Analyst. For this overview, we have only looked at the aggregate values for the industry as a whole; the widely dispersed and often volatile individual airline performances are another story.