Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
  • Adj. Debt

    Financial debt plus seven times the aircraft rent expense.

  • Adj. EBITDAR

    EBITDAR adjusted by non-cash and non-recurring items.

  • Adj. Net debt

    Adj. Debt minus cash and cash equivalents.

  • Available seat miles (ASMs)

    Number of seats available for passengers multiplied by the number of miles the seats are flown.

B
  • Block hours

    Number of hours during which the aircraft is in revenue service, measured from the time it leaves the gate until the time it arrives to the gate at destination.

C
  • CASM

    Total operating expenses, net divided by ASMs.

  • CASM ex fuel

    Total operating expenses, net excluding fuel expense divided by ASMs.

E
  • EBITDA

    Earnings before interest, taxes, depreciation and amortization.

  • EBITDAR

    Earnings before interest, taxes, depreciation, amortization and aircraft rent expense.

L
  • Load factor

    RPMs divided by ASMs and expressed as a percentage.

R
  • RASM

    Passenger revenue divided by ASMs.

  • Revenue passenger miles (RPMs)

    Means the number of miles flown by passengers.

T
  • TRASM

    Total revenue divided by ASMs.

V
  • VFR

    Passengers who are visiting friends and relatives.