Tuesday, July 21, 2009

MAS among top three carriers in 2009

MALAYSIA Airlines has been identified as among the top three mainline carriers for 2009 after Singapore Airlines and Lufthansa by Aviation Week's Top-Performing Companies (TPC) study of the global airline industry.

Air Arabia tops the low-cost/niche carrier category while FedEx is the highest-ranked freight carrier and Australia's Regional Express is the top regional carrier, it said.

Aviation Week's TPC study of the global airline industry is the industry's leading annual rankings and competitive analysis.

It said, a follow-up to last month's TPC Aerospace and Defense rankings, this year's airline analysis shows the effects of the recession on the industry -- few airline business models are immune.

"The recession has grabbed hold of the airline industry, and survival is still the name of the game," said Aviation Week and Space Technology editor-in-chief Anthony L. Velocci, Jr. "This year's TPC review of airlines places liquidity and financial health as the top indicators for weathering further volatility in the economy and rising fuel prices. We are seeing sharp drops in scores across the board, in all regions, but with the TPC rankings, we can identify those airlines that are doing things right," he said.

Launched in 1996, Aviation Week's TPC study identifies relative strengths and weaknesses in companies'' operational performance and evaluates how well they are executing business strategies.

Proprietary metrics have been refined over the past 13 years with input from industry leaders to include scores in five performance categories: Liquidity, Financial Health, Earnings Performance, Fuel Cost Management, and Asset Utilization.

The benchmarking tool and micro site are produced in partnership with PricewaterhouseCoopers.

Source : BusinessTimesOnline
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