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    Ratios and trends

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    P 12-6

    Chihi Airways had the following results for the last three years:

    2004 2003 2002

    (in thousands of dollars)
    Operating expenses $1,550,000 $1,520,000 $1,480,000
    Operating revenues 1,840,000 1,670,400 1,620,700
    Long-term debt 910,000 900,500 895,000
    Operating property 995,000 990,000 985,000
    Passenger load factor 66.5% 59.0% 57.8%

    Required

    a) Calculate the following for 2004, 2003, and 2002:
    1) Operating ratio
    2) Long-term debt to operating property
    3) Operating revenue to operating property
    b) Comment on trends found in the ratios computed in (a)
    c) Comment on the passenger load factor

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    https://brainmass.com/business/accounting/ratios-trends-chihi-airway-93116

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    The expert examines ratios and trends for Chihi Airways.

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