Book review: ‘Airline Finance’, by Peter S. Morrell

Tim Ryley reviews the fourth edition of Peter Morrell’s book

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A short summary including a link to a copy of the review follows.

Ryley’s review highlights that this edition fulfills the reputation of providing ‘a broad understanding of airline finance’, balancing coverage of the practical and technical financial elements effectively and drawing on a range of illustrative aviation examples. The review commends the structure and natural progression of the book, providing a concise overview of content, highlighting Chapter 7, which covers airline privatisation, and Chapter 12, that covers airline bankruptcy, as being of particular interest. There is perhaps a small criticism with respect to Chapters 2 and 3 where the author draws on a single airline to illustrate core financial concepts, though the review also makes reference to the wealth of other examples available to the reader. Overall Ryley’s review is overwhelmingly positive with ‘Airline Finance’ recognised as valuable for research, teaching and applied purposes.

A copy of the review is available here with the kind permission of Elsevier. It  is also available via Science Direct.

This article was published in The Journal of Transport Geography, Vol 37, Tim Ryley, Airline Finance, fourth ed., Peter S. Morrell. Ashgate, Farnham, Surrey (2013). £70, Hardback, ISBN 978-1-4094-5279-9, £30, Paperback, ISBN 978-1-4094-5278-2, Page 123, Copyright Elsevier (2014).


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