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Income statements "by nature" and analysis of company performance : an application of US airlines companies

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Author Info

  • STOLOWY, Hervé

    ()

  • DING, Yuan
  • BAKER, C.Richard

Abstract

Since September 11, 2001; and during the ensuing economic slowdown, U.S airline companies have experienced significant financial difficulties, including bankruptcies and near bankruptcies on the part of several major carriers. In an economic setting where U.S. airlines are struggling to achieve or maintain profitability, it is important for accountants, auditors and financial analysts to be able to analyze the relative performance of airline companies. In the airline industry, income statements are normally prepared "by nature" rather than "by function". This differs from the usual presentation found in the income statements of most American companies. This case demonstrates how to perform a comparative financial statement analysis when an income statement is prepared "by nature", by applying a tool called the "Statement of Intermediate Balances". The three companies studied in this case are United Airlines, Delta Air Lines and Southwest Airlines

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Bibliographic Info

Paper provided by HEC Paris in its series Les Cahiers de Recherche with number 780.

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Length: 44 pages
Date of creation: 01 Jan 2003
Date of revision:
Handle: RePEc:ebg:heccah:0780

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Related research

Keywords: financial statement analysis; income statement format; income statement by nature; income statement by function; statement of intermediate balances;

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