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Financial Benchmarking as an Airline Competitiveness Assessment Tool

Table 1:

The Balance Sheet The Income Statement
Elements Symbols Elements Symbols
Most liquid assets A1 Sales S
Quick assets A2 Cost of Goods Sold COS
Slow-moving assets, including current assets A3 Gross Margin GM
Long-term Assets A4 Commercial Expenses CE
Total Assets TA Administrative Expenses AE
Most forward commitments L1 Profit Margin PM
Current Liabilities L2 Operating Profit (Profit before Interest and Taxes) PBIT
Long-term Liabilities L3 Profit before Taxes PBT
Shareholder’s Equity L4 Taxes T
Total Equity and Liabilities (Total Capital) TC Net Profit (Profit after Taxes) NP
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