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Flybee Financial Analysis

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Flybee Financial Analysis
EasyJet Flybe Ryanair

Financial Analysis

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ULMS701 2012 Is the domestic air travel boom over?

Word Count : 1,996 (excluding Table of Contents, Captions, Footnotes, Appendixes and References)

Table of Contents

1. Introduction.................................................................................................................... 2

2. Market and Competitors ............................................................................................ 3

3. Financial Analysis ......................................................................................................... 4

4. Value Drivers’s Analysis........................................................................................... 11

5. Conclusions ................................................................................................................. 12

6. Appendixes................................................................................................................ 16

7. Table of Figures ........................................................................................................ 19

8. References.................................................................................................................. 20

Page 1

1. Introduction

December 10, 2010 was a crucial day in the history of Flybe1—a leading UK airline. Eight years after its establishment, the Exeter-based company announced its flotation at London Stock Exchange (LSE). The launch price of the company was 295p per share, with the global value of the business an estimated £215 million; just one day after flotation, shares rose in value by 16%, subsequently equating to 341.25p with revenue of £60


References: EasyJet. (2008). ‘EasyJet Annual Report 2007-08’. Easyjet Airline Company LTD. Available from: . [Accessed December 21, 2011]. EasyJet. (2009). ‘EasyJet Annual Report 2008-09’. Easyjet Airline Company LTD. Available from: . [Accessed December 21, 2011]. EasyJet. (2010). ‘EasyJet Annual Report 2009-10’. Easyjet Airline Company LTD. Available from: . [Accessed December 21, 2011]. Flybe. (2008). ‘Flybe Annual Report 2007-08’. Flybe Group PLC. Available from: < http://www.flybe.com/pdf/annual_report/2007-08.pdf > Flybe. (2009). ‘Flybe Annual Report 2008-09’. Flybe Group PLC. Available from: < http://www.flybe.com/pdf/annual_report/2008-09.pdf > Flybe. (2010). ‘Flybe Annual Report 2009-10’. Flybe Group PLC. Available from: < http://www.flybe.com/pdf/annual_report/2009-10’.pdf > Flybe. (2011). ‘Flybe Annual Report 2010-11’. Flybe Group PLC. Available from: < http://www.flybe.com/pdf/annual_report/2010-11.pdf> Ryanair. (2008).‘Ryanair - Annual Report 2008’. Ryanair LTD. Available from: . [Accessed December 22, 2011]. Ryanair. (2009).‘Ryanair - Annual Report 2009’. Ryanair LTD. Available from: . [Accessed December 22, 2011]. Ryanair. (2010).‘Ryanair - Annual Report 2010’. Ryanair LTD. Available from: . [Accessed December 22, 2011]. Ryanair. (2011).‘Ryanair - Annual Report 2011’. Ryanair LTD. Available from: . [Accessed December 22, 2011]. 22, 2011].
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