Airline Management Finance by Victor Hughes;

Author:Victor Hughes; [Неизв.]
Language: eng
Format: epub
Publisher: Taylor & Francis (CAM)

These types of decisions require significant amounts of money to be available and the timing is very important. Virtually every part of an airline’s medium- and long-term plans will require additional money to be invested and frequently the appetite for money exceeds the amount available.

An airline’s cash-flow is managed day by day, and with a long-term view against the background of the airline’s latest operating plan and forecast results. There are at least three documents which are particularly important to the Finance Department. These are the airline’s:

Short-term plan. This may be called a ‘budget’ or ‘plan’ and usually cover a period of 12 months. The plan will include the amount and timing of expected operating income and expenditure, balance sheet transactions (e.g., purchases of assets and their funding) and payments of dividends. This information is used as part of the Treasury’s short-term cash-flow management.

Short-term forecast, which is similar to the information in the budget, but the information is revised to bring it up to date with the latest decisions and timings.

Long-term plan, perhaps covering five years, showing future operating income and expenditure and balance sheet transactions analysed into years or some other convenient period.

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