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.