In this chapter, the problem of flight vehicle performance is described. Performance parameters, such as lift-to-drag ratio, maximum and minimum level flight speed, speeds for the best rate of climb, steepest climb, maximum range and endurance, and most economical climb are described using graphical methods, such as drag polar, Zhukovsky curves with combination of analytical derivations. The approach of graphical description of flight vehicle performance allows to understand the physical basics of the aerodynamic properties of flight vehicles easier and to develop deeper connectivity between their interpretations. In addition, flight envelope and operational limits are discussed using both analytical and graphical methods for better understanding.