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Financial Comparison of Ryanair and British Airways

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Financial Comparison of Ryanair and British Airways
Financial comparison of Ryanair and British Airways
Aviation Finance 12CVC062
Balázs Baumgartner (B015926)

10/12/2012

Table of Contents
Review of Ryanair’s and British Airway’s current financial situation ........................................................ 2 Liquidity ..................................................................................................................................................... 2 Performance and earning .......................................................................................................................... 3 Solvency..................................................................................................................................................... 3 Fleet commitments ................................................................................................................................... 4 Financing in the short run ......................................................................................................................... 6 Shareholders’ equity and dividend policy ................................................................................................. 7 Depreciation .............................................................................................................................................. 7 Future financing ........................................................................................................................................ 8 Conclusion ................................................................................................................................................. 9 Reference list ........................................................................................................................................... 10

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Ryanair is considered as the pioneer of the low-cost business model, while British Airways is constantly ranked amongst the world’s best legacy carriers. Both of these
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