Access a fresh view on airline financials

The Airline Top 100 report reviews the top 100 airlines with an in-depth look into their financial and operational performance. The 2022 edition discloses an airline ranking based on five scores as usual, but they have been adjusted this year to give you the most accurate weighted view on the airlines performance.

Seize opportunities for your credit evaluation process and identify high and under performance airlines by downloading this report.

What’s new about this year’s report:

  • Compare airlines’ leverage more effectively using Equity Ratios as opposed to our usual normal debt/ EBITDAR.
  • Analyse the change in performance over the previous 24 months, in addition to the current rating.

Some Key findings:

  • Many of the airlines show significantly higher liquidity than normal due to high levels of fundraising but also troubling increases in the amount of debt and leverage they carry.
  • The primary driver of high ratings is airlines with substantial cargo business.
  • Some LCCs delivered strong performance, including Mexico’s Grupo Viva Aerobus in LatAm and Indigo in the Asia-Pacific region.
  • The major Chinese airlines did not fare well in the ranking, driven by the very low levels of liquidity they show on their balance sheets.

The report is built using data from The Airline Analyst and The Airline Analyst Financial Ratings –both proprietary data products offer unparalleled financial and performance data on 300 airlines at your fingertips.

Fill out the form to download the guide for free ➡️

Source: Airfinance Journal's The Airline Analyst and The Airline Analyst Financial Ratings.

Download Full Airline Top 100 2022 report

About Airfinance Journal

With a portfolio of advanced aviation data analytics tools and an experienced global reporting team, we provide solutions that enable market participants to underpin investment decisions, find new investment opportunities, improve their competitive edge, save time and grow business.

As a market-leading intelligence resource for the global aviation finance industry for more than 40 years, we provide the latest news, insightful analysis, league tables, and proprietary aviation data covering fleets, deals, airlines’ financial,  and relative ratings of the airline financial strength. 

Our product suite includes:

Airfinance Journal News & Analysis, The Airline Analyst, The Airline Analyst API, The Airline Analyst Financial Ratings, Deal Tracker, Fleet Tracker.