 |
| Leading cost containers in 53 industries, 2000-2003. |
|
|
CFO Staff,
CFO Magazine
|
|
| Airlines |
| COMPANY |
2003 COGS |
2003 SG&A |
2003 CMI1 |
'01-'03 CMI Avg. |
'00-'03 CMI Change2 |
'00-'03 Revenue Growth3 |
| EXPRESSJET HOLDINGS |
46 |
35 |
81 |
79 |
-169 |
16 |
| SOUTHWEST AIRLINES |
47 |
38 |
85 |
85 |
845 |
2 |
| US AIRWAYS GROUP |
40 |
45 |
85 |
88 |
732 |
-10 |
| ALASKA AIR GROUP |
49 |
43 |
92 |
94 |
40 |
4 |
| AMERICA WEST |
49 |
39 |
88 |
96 |
-585 |
-1 |
| Industry Median |
49 |
42 |
92 |
96 |
451 |
-2 |
All values are % of operating revenue except for 2000-2003 CMI change, which is expressed in basis points.
1CMI = (COGS + SG&A) / operating revenue.
For banking, CMI = (noninterest expense) / (net interest expense income + noninterest income).
2 Nominal change in CMI 2000-2003, expressed in basis points.
3 Compound annual growth in revenue.
Analysis performed by Archstone Consulting, based on data from Compustat and other sources.
Return to the article "Controlling the Flow."
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