飞行翻译_公务机_公务航空_Business Jet_Business Aviation

Figure 15: FINANCIAL RESULTS DURING 2008
GENERALLY WERE CONSISTENT WITH THOSE OF 2003-2007
The answer was conclusive. Users continued to strongly outperform nonusers in almost every major financial category we analyzed. As shown in Figure 15, unweighted results showed that negative effects were uniform across most companies and sectors. However, on a weighted basis, larger companies were able to keep the outcomes conclusively in favor of business aircraft users.
Maintaining profits in the wake of a declining sales base is the central challenge for any company in a downturn and the 2008-2009 period was no different. Among our constituents, raw net in-come was off 35 percent (users) to 40 percent (nonusers). On a weighted basis, users seemed to have more success protecting their bottom line. They outgained nonusers by almost a six to one margin (5:94 to 1), as seen in Figure 16 on the next page.

Figure 16: EARNINGS GROWTH, WEIGHTED
Similarly, the capability to coax the most value from existing assets is paramount. Firms are forced to rely even more heavily on their fixed and intangible assets in times of financial strain and as this strain is amplified in a turbulent economy, so too is the significance of management decision making. Correctly judging when and where to concentrate resources can help successfully navi-gate rough markets. A key finding in our study is that 2008 asset efficiency and return on assets (Figures 17 and 18, respectively) for users actually increased relative to nonusers when compared to the 2003-2007 period.

Figure 17: ASSET EFFICIENCY, WEIGHTED
　
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