Case | HBS Case Collection | April 2003 (Revised May 2003)

Valuation Ratios in the Airline Industry

by Paul M. Healy, Krishna G. Palepu and Jonathan Barnett


Four firms in the airline industry illustrate the underlying differences in valuation multiples (price-earnings and price-to-book).

Keywords: Valuation; Activity Based Costing and Management; Accounting Audits; Air Transportation Industry;


Healy, Paul M., Krishna G. Palepu, and Jonathan Barnett. "Valuation Ratios in the Airline Industry." Harvard Business School Case 103-002, April 2003. (Revised May 2003.)