HF Case Study Industrials (5d)

Time-pressured case study for candidates preparing for multi-manager hedge fund final-round interviews. The 5-day take-home case study.  

Background: This case study develops the analytical skills for: building quarterly 3-statement models for a capital-intensive, fuel-exposed business, identifying material drivers under time pressure (capacity, unit revenue and unit cost, fuel, premium seat mix and loyalty remuneration), and constructing clear investment recommendations with a variant perception (in this case, identifying whether a structural earnings reset is occurring from the shift to premium cabins and a new exclusive co-brand credit card agreement, or whether a cyclical, fuel-driven trough is being mistaken for structural change, and hedging with comps). It mirrors the depth and time constraints of professional case study assignments. The company is a NASDAQ-listed US network airline.

Sector: Industrials (Airlines)

Time Limit: 5 days

Format: Multi-file (Excel, Word, PDF)

Usage: Downloadable files. Case study may be completed multiple times

What's Included:

• Excel operating model 

• PDF investment memo

• Case study prompt and instructions

Users:

• Hedge fund analysts

• Equity research analysts

• Investment banking analysts

• Graduate candidates preparing for final-round interview