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Thornwick Air Group

The business

A network airline. Three fleet types, utilization, block hours and seat miles, with every cost driven in the unit it is actually incurred in. A shift to larger aircraft and longer flights makes unit cost fall with no efficiency gain at all. Loyalty, the air traffic liability and capitalized leases are all here.

Two workbooks, easy and hard, built from one model. Four years of history, four years to forecast, and a balance sheet that has to close.

Inside each workbook

Instructions
What you're building, the rules, how it is marked, terms of use, disclaimer.
Test
The sheet you work on. Shaded cells are yours, blue cells are given and locked.
Solution
The finished model with live formulas.
Scoring
Cell-by-cell result plus an overall percentage.

A toggle at the top of the Test tab stays on N while you build, so you are working blind. Flip it to Y and every cell you filled turns green or red in place — no separate answer key. Values are compared, not formulas, so any construction that lands on the right number scores. The in-sheet coloring needs Excel 2010 or later; the Scoring tab works in any version.

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