Paper
British Airways Financial Analysis
The following pages comprise of a financial analysis of British Airways for the financial year ending March 31, 1999.
British Airways is a well-established company and has enjoyed high profits for the majority of its existence. However, the most recent accounts that have been published tell a different story of how the year has been.
British Airways produced a pre-tax profit of ?225 million. This is ?355 million less than in 1998 which illustrates the decline in demand for British Airways services. Although this decline in profits of 61% seems unacceptable it was caused by a variety of abnormal expenses. For example the company spent ?35 million on computer systems to ensure that they are “year 2000 compliant”. British Airways also entered the low cost air travel market during the year with the launch of “Go”, which is running at a loss as it tries to establish itself in a highly competitive business environment.
Lower fuel prices and the strength of the Pound benefited British Airways, and as a result the company stocked up on 45% of its fuel requirement for the next financial year. This also contributed to the fall in profits for the year.
Operating Profit Fell from ?504 million in 1998 to ?442 million in 1999. The return on capital employed or primary ratio was just 17.06%. This is a great deal smaller than the 1998 figure of 61.2%. These figures both show that the business is achieving a return higher than that which could be achieved in a non-risk investment such as a high interest no access bank account which would only give a return of 7 to 9%.
British Airways has a working capital of 5.1, which shows that it has high solvency. Overall, although the firm has incurred a loss of ?355 million in the financial year it is still a healthy business that shows promise of high profits in future years. This is due to a variety of things such as investment into other market segments, such as ‘Go’. The company is well managed, this is shown by the anticipation of fuel prices rising again and so stocking up on reserves to benefit form the low price and the strength of the Pound. British Airways board of director’s decision to propose a Dividend of 17.9 pence per share also reflects my views, which is higher than the 1998 dividend of 16.6 pence per share even though the firms profits were down.
Другие работы по теме:
Revolutionary War 2 Essay Research Paper The
Revolutionary War 2 Essay, Research Paper The British lost and the Americans won the Revolutionary war. Though this is true there are arguments that the British lost the war more than the Americans won it. The Americans were under the control of the British and the Americans at first did not even have the intention of independence.
Cheers A Semiotic Analysis By Berger Essay
, Research Paper Cheers : A Semiotic Analysis by Berger In Arthur Asa Berger s essay, he conducts a semiotic analysis of the comedy television show Cheers. In his analysis of the show he points out many characteristics that refer to semiotics. Even though one could not agree with all of his findings, many of them are reasonable.
Waterford Crystal A Case Analysis Essay Research
111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
Finding Our Past Essay Research Paper Reading
Finding Our Past Essay, Research Paper Reading Ruth In Finding Our Past, Rebecca Alpert suggests that Ruth married Boaz for financial stability in her lesbian relationship. This is an indication of society back when the book of Ruth was written, since women were dependent on men for financial support. In today?s society, lesbian couples are still not entirely accepted, but two women in a relationship would be able to support themselves financially.
Kive Essay Research Paper
# 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 Grapes of Wrath, The – Book Summary and Analysis Grapes of Wrath, The – Book Analysis Grapes of Wrath, The – Joads’ Journey Great Expectations – Powerful Themes in the Novel
British Colonization Essay Research Paper There were
British Colonization Essay, Research Paper There were three different types of English colonies bosed on who owned the colony came fom the king through a charter. All charters have certain requirements. Taxes must be collected, and the laws of a colony may not contradict those of individual. Maryland was an ecample of a proprietary colony. corporate colonies were wned by a group of investors and run through a coprpration.
Destination Unknown Essay Research Paper Destination unknown
Destination Unknown Essay, Research Paper Destination unknown Star Dust Falling Jay Rayner 329pp, Doubleday A plane crash has its own peculiar horror: no matter that slow drowning in an icy sea would be far worse than sudden immolation in a mid-air explosion, none of us board a ship with the same subconscious fear that accompanies us on to an airliner.
The Townshend Act Essay Research Paper The
The Townshend Act Essay, Research Paper The Townshend Acts` repeal of the Stamp Act left Britain’s financial problems unresolved. Parliament had not given up the right to tax the colonies
The Importance Of Budgeting And Long Range
Financial Goals Essay, Research Paper The Importance of Budgeting and Long Range Financial Goals Me, being a financial independent have experienced first hand how important it is to keep a financial plan. Using a financial plan I have elevated my savings abilities a long way. Knowing where each dollar is being spent helps the spender to manage each dollar in an uplifting way.
Financial Article Essay Research Paper Goldman Sachs
Financial Article Essay, Research Paper Goldman Sachs is the last big Wall Street investment bank to go public. In this story they are explaining how is the timing of its IPO (Initial Public Offering) going to be affected by the market at this moment. The market at this moment is very volatile. Some people think that the market is too high and that a correction is in our way very soon.
Gandhi Economic Freedom And Politics Essay Research
Paper Economic means are often used to achieve political goals. There are some situations in which economic action has been used to achieve a political goal. One of these actions is the boycott of British goods led by Mohandas Gandhi.
Antony Analysis Essay Research Paper Antony Analysis
Antony Analysis Essay, Research Paper Antony Analysis Short Essay The beauty of William Shakespeare s writing does not lie in his actual writing, but the themes in which his plays suggest. Almost all of his plays can be connected to a higher theme, one that most people can relate. In the play, Antony and Cleopatra, the theme of manipulation runs ramped.
Broken Chain Essay Research Paper In the
Broken Chain Essay, Research Paper In the movie, Broken Chain , we can easily define the two sides, which are opposing each other; one is the six nations and the second is the British Empire. But actually, there is the third perspective in the scene, which I will go over later. There are two main characters in the six nations, one is Joseph Brant and another is Mohahehu.
Exodus Essay Research Paper For my video
Exodus Essay, Research Paper For my video analysis I decided to watch a show on the History channel called Historys Mysterious. This episode dealt with Exodus 1948 the ship that tried to help immigrants get out of Europe after World War 2. After World War 2 had ended there was a high number of refugees. Most of them were prisoners from the concentration camps who went back home to only find that the majority of their family was dead and that there homes were destroyed.
The Old Man And The Sea An
Analysis Essay, Research Paper The Old Man and The Sea: An Analysis I read this book for the first time in high school and I remembered it just as well as if I had read it yesterday. As I read it again I remembered some of the
Upper Canada Rebellions Essay Research Paper The
Upper Canada Rebellions Essay, Research Paper The grievances of the American people before the outbreak of the American War of Independence were very similar to those of the Upper and Lower Canadians before the rebellions. By the later 1700s, the average American had developed a belief in their innate moral superiority and possessed an abiding suspicion and mistrust of British government institutions. —–similar to reformers, making fun of the corrupt oligarchies.
Athlete Dying Young Essay Research Paper The
Athlete Dying Young Essay, Research Paper The Critical Analysis & Summarization of "To An Athlete Dying Young", by A.E Housman This poem is telling the reader that you can not
French Revolution Essay Research Paper The French
French Revolution Essay, Research Paper The French Revolution began on 1789. It is the most darkest period of France s history, blended with confusion and chaos which many innocent victims were killed or
Real Estate Essay Research Paper Mathematics
Real Estate Essay, Research Paper Mathematics ? Knowledge of numbers, their operations, and interrelationships including arithmetic, algebra, geometry, calculus, statistics, and their applications
Othello Act 5 Analysis Essay Research Paper 2
Othello: Act 5 Analysis Essay, Research Paper Othello: Act 5 Analysis Iago’s intelligence causes the self destruction of Othello. He appears to be the most intelligent person in the play, Othello, by the way he acts and
Soil Analysis Report Essay Research Paper Soil
Soil Analysis Report Essay, Research Paper Soil Analysis Within the next few paragraphs, I will tell you all about the soil sample I collected and did tests on. I got some soil from out of one of my mom’s gardens. This one had a lot of flowers from Florida. This is a summary of what all I did to work on finding everything about my soil.
An Analysis Of Orwell
’s “Shooting An Elephant” Essay, Research Paper An Analysis of Orwell’s “Shooting an Elephant” Erika Moreno-Dalton In ?Shooting an Elephant,? George Orwell finds himself in a difficult situation
War Of 1812 Essay Research Paper The
War Of 1812 Essay, Research Paper The war of 1812 was one of eight that our country has fought in. This war left us with a loss of people, property, and money. It was started over many things. One of the reasons was the British impressment of American soldiers.
British Parliament Essay Research Paper The House
British Parliament Essay, Research Paper The House of Commons and the House of Lords The British parliament consists of the Queen and two chambers, the House of Commons and the House of Lords. The functions of the parliament are to pass laws, to provide taxes and to control the actions of the government. The Queen still plays a role, but only a formal one.
Article Essay Research Paper EN102018 January 2001The
Article Essay, Research Paper EN1020 18 January 2001 The Article ?British Airways sacks pilots seen drinking before flight?, talks about how pilots abuse the drinking rules set up by the airlines. One of the airlines, British Airways, announced that they had fired two of their pilots because they had been filmed while drinking and they were due to fly the very next day.
Robert Bunsen Essay Research Paper Robert Wilhelm
Robert Bunsen Essay, Research Paper Robert Wilhelm Bunsen s name was famous for a a few discoveries in the field of chemistry. For example you might recognize Bunsen from the lab device, the Bunsen Burner . He also helped invent the spectroscope and discovered spectrum analysis. And at the beginning of his career, he discovered that iron oxide is an antidote for arsenic.
British War Essay Research Paper Gregg GiassonUS
British War Essay, Research Paper Gregg Giasson U.S. History Period B !! YOU ARE THERE !! The most important event in U.S. History in my opinion would be Washington s escape from the British Army at New York. This event changed the course of U.S. History because it was the closest the movement for freedom came to being crushed.
The Fairfax Resolves Essay Research Paper We
The Fairfax Resolves Essay, Research Paper We “can not be considered as a conquered Country” because we are “Descendants not of the Conquered, but of the Conquerors.” With this implied threat of military action, the Fairfax County Resolves challenged the unconstitutional actions of the British government.