Hi,
I would like to suggest the visibility of a new statistic - Profit Share by country/region.
Assume 10 airlines in a country, which make a collective profit of $250m.
a) we would be able to see the split, which will show us which airlines are performing well financially. And if there is historical evidence of an airline that is growing etc.
b) it would show us if the 'pie' is actually growing, ie the $250m is getting bigger week by week, or not.
I know profit is available for companies listed on the stock exchange, but I would personally like to see how I rank against other players. Market share based on seats sold is a little misleading if an airline is expanding its long haul operations. The Seat-km statistic for comparison was great, but again the downside was the type of seat installed.
Any thoughts?
Saad
In general this is an interesting information. However, as these information are not public, I don't think this should be implemented as long as the relating financial information aren't disclosed per company in general.
I think the majority of airlines in RL do (as well as most AS companies would have to) publish at least some financial information like turn over, EBITDA and EBIT and EBT, while only a minority of smaller companies or companies in some countries, don't publish anything at all. So probably publicity might be worth to discuss. Anyway, I don't think this would gain some development priority in the near future.
Hi,
I believe every company that has legal personality, needs to publish an annual (financial) report. I am not sure, and I can only refer to Belgium ;-)
And every airline has legal personality. Just think of the consequences for the owner in case of an accident, if the airline does not have legal personality. Anyway, I would not oppose the idea of a public financial report. The AS economy goes faster than real life economy, so reports should be published on a monthly base. Or even weekly, if that is easier to program. In that case, a summary (like the one on the stock market) could be published on the airline information page when salaries are paid.
Jan
I believe every company that has legal personality, needs to publish an annual (financial) report. I am not sure, and I can only refer to Belgium ;-)
And every airline has legal personality.
First point is neither true in terms of a complete annual report in Belgium (depends on size, so very small airlines might reduce their level of publicity) and is not true as general for the rest of the world. However, I agree most airlines in AS would have to publish a financial report.
Second ... not necessarily.
Hi,
I thought it depended on the type of legal personality rather than size of the company, but whatever the rules are... even if you don't necessarily need a legal personality to operate an airline, I wonder how many airlines are not legal personalities. Let's not talk about some small air taxi company that is owned by a guy who doesn't mind going bankrupt as a person if one of his planes/choppers is involved in a mishap that costs a lot ;-)
The question is, do we want this in the game ? In my opinion, it's okay to publish equity, turnover and profit.
Jan
The question is, do we want this in the game ? In my opinion, it's okay to publish equity, turnover and profit.
I agree with those figures, but would add interests to have a better understanding in terms of profitability.
Oh, sure. But I would add loans to the financial overview, not paid interests.
Jan
Actually one would need both ... in terms of profitabilty you are only able to estimate the EBIT by showing loans instead of paid interests. So I prefer the latter.
And there are 'flaws' like stock trade revenues that rather should be excluded.
...
I would like to suggest the visibility of a new statistic - Profit Share by country/region.
...
a) ... show us which airlines are performing well financially. And if there is historical evidence of an airline that is growing etc.
... Market share based on seats sold is a little misleading if an airline is expanding its long haul operations. The Seat-km statistic for comparison was great, but again the downside was the type of seat installed.
I like this idea, either profit ---or maybe revenue market share statistic should better reflect company growth. I dont like seeing my little competitor overtake me in pax ranking just because he operate shuttle bus service to cities within 500km while I develop sophisticated international long haul network. :P