What are the three key financial statements for airlines?

The three key financial statements for airlines, as well as for most businesses, are the income statement, balance sheet, and cash flow statement.

The income statement provides a summary of the airline's revenues and expenses over a specific period, allowing stakeholders to assess profitability. It details how much money the airline earned from ticket sales, ancillary services, and other sources, compared to its operating costs, fuel expenses, and other liabilities.

The balance sheet offers a snapshot of the airline's financial position at a specific point in time. It lists the airline's assets, such as aircraft, cash, and inventory; liabilities, including debts and obligations; and shareholders' equity. This statement helps in understanding the airline's overall financial health, including its ability to meet long-term obligations.

The cash flow statement tracks the flow of cash in and out of the airline over a certain period. This is particularly crucial for airlines due to the capital-intensive nature of the industry, which requires significant investments in equipment and maintenance. It shows how well the airline generates cash to cover its operational expenses, financing activities, and investments.

In contrast, the other options listed consist of reports and analyses that provide specific insights but do not encompass the core financial statements essential for comprehensive financial reporting in an airline