政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/38426
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113451/144438 (79%)
造访人次 : 51256511      在线人数 : 866
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/38426


    题名: 評航空業之財務表現
    A study on financial performance of airlines industry
    作者: 黃慧芳
    Huang, Grace
    贡献者: 吳文傑
    Wu, Jack
    黃慧芳
    Huang, Grace
    关键词: 財務表現
    日期: 2009
    上传时间: 2010-06-15 16:24:45 (UTC+8)
    摘要: 評航空業之財務表現
    Airline business is an industry of high profile, however, its profit performance has been well below average and highly instable compared with firms in other industries. In recently years, some unforeseeable events such as terrorist attacks in 2001, the outbreak of SARS of 2003 and doubled oil price since 2005, have made this business more difficult to survive in.

    Taiwanese airline companies, operating in the most fast-growing Asia Pacific market, are sharing the same risks and facing the same challenges as well. The two international operators in this small island are still able to survive, however, the financial results of both have been seriously deteriorated by record high oil price and other non-cyclical event for recent years. On the other hand, cross strait direct link is expected to help Taiwan airline industry gain altitude in the future.

    The objective of this study is to examine the financial performance for two major Taiwan airlines, China Airlines and EVA Airways during this period through financial ratio analysis instruments and to find out the main factors behind the results.
    Table of Contents
    List of Figures 3
    List of Tables 4
    Acknowledgements 6
    Abstract 7
    Chapter 1 Introduction 8
    1.1 Background 8
    1.2 Objective of the study 9
    1.3 Thesis structure 9
    Chapter 2 Overview of global and Taiwan airline industry 11
    2.1 Description of the industry 11
    2.1.1 Definition 11
    2.1.2 Key Characteristics 11
    2.2 Key industry trend 14
    2.3 Global market 23
    2.4 Taiwan airline industry 28
    2.4.1The characteristics of Taiwan airlines industry 28
    2.4.2 Market 33
    2.4.3 Financial Performance 37
    Chapter 3 Case profile 39
    3.1 China Airlines 39
    3.2 EVA Airways 50
    3.3 Comparison of two cases 61
    Chapter 4 Financial analysis 70
    4.1 Financial evaluation method 70
    4.1.1Ratio analysis 70
    4.1.2 Methodology of Morgan Stanley’s credit advisory 75
    4.1.3 Evaluation method developing by Wang long-Ju 79
    4.2 Ratio Analysis on case companies 80
    Chapter 5 Conclusion of the financial analysis 94
    Chapter 6 Limitation of this study and recommendations for further study 98
    Reference 100
    參考文獻: 【1】Andrew Fernow ,Christopher Smith,2003, Greater China Aviation Sector Report, Primasia Securities Group
    【2】Eugene F. Brigham,1989, Fundamentals of Financial Management, Dryden press publisher
    【3】Glenn Engel, Sheldon Wong and Abigail Bookman,2005, Transportation : Airlines, United States, Goldman Sachs Global Investment Research
    【4】Jamie Pratt,2003, Financial accounting In an Economic Context, John Wiley & Sons, Inc.
    【5】Morgan Stanley,2003, Discussion on Rating
    【6】Peter Negline, 2003,Taiwan Airlines, Initiations of Coverage, JP Morgan Investment Research
    【7】Rigas Doganis, 1991,Flying off Course: The Economics of International Airlines, Routledge.
    【8】Wong long-Ju,2001,The Comparative Analysis of Applying Different Indicator Types to the Performance Evaluation in Both Air lines and Highway Bus Companies, Journal of the Eastern Asia Society for Transportation Studies, Vol.4, No.1, pp.13-25.
    描述: 碩士
    國立政治大學
    國際經營管理碩士班(IMBA)
    92933009
    98
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0092933009
    数据类型: thesis
    显示于类别:[國際經營管理英語碩士學程IMBA] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    index.html0KbHTML2629检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈