Long-term debt to operating property

Assignment Help Accounting Basics

Reference no: EM131002091

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

	2007	2006	2005
(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 2007, 2006, and 2005:

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.

Reference no: EM131002091

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