Tiqbal Final Project Online

[pic]

Accounting project

Analysis of the Aviation Industry

By

Tahir Iqbal

A project submitted in partial fulfilment of the requirements for the degree of

BA Accounting and Finance

at the

University of Northampton

2009

Accounting & Finance Field Front Sheet

NB. This sheet must be attached to any submission of Accounting & Finance field module coursework made to the Student Assessment Office. No assignment will be accepted without it.

Name of Candidate __Tahir Iqbal________________________________

Title of Module __ Accounting Project____________________

Title of Coursework __Final Project___________________________________

Marking Tutor __Julie Williams__________________________________

Hand in Date __7th May 2009__________________________________

Extension Granted to _______________________________________________

Checklist before submission

1. Have you read, understood and acted in accordance 3with the referencing guidelines set out in the appropriate Accounting & Finance Module Guide.

2. Where you have quoted directly from or where you have paraphrased the work of others, have you acknowledged and appropriately referenced the source of your quotation in the body of the text?

3. Have you placed all direct quotations in inverted commas?

4. Have you listed and correctly cited all your sources in your bibliography?

Declaration by the candidate named above

1. I confirm that this is my own work (or, in the case of a group assignment, the work of my group) and that, although I may have consulted others in the course of assembling material for the work, the finished article has been completed without help or participation of any other person (other than, in group assignments, other members of the same group).

2. The work contains no material drawn from unattributed sources.

Signed

References: ACCA Global (2009) A brief insight into accounting ratios [online]. Available from: http://www.accaglobal.com/archive/sa_oldarticles/13172 [Accessed 04th February 2009]. Accounting and Business. (2009) Plane Speaking. 2nd ed. England. Arnold, G. (2005) Corporate Financial Management. 3rd ed. Harlow: Financial Times Prentice Hall. Atrill, P. (2005) Financial Accounting for Decision Makers. 4th ed. Harlow: Financial Times, Prentice Hall. BBC (2009) Go-ahead for new Heathrow Runway [online]. Available from: http://news.bbc.co.uk/1/hi/uk_politics/7829676.stm [Accessed 28th February 2009]. BBC (2009) Protestors buy up Heathrow Land [online]. Available from: http://news.bbc.co.uk/1/hi/england/london/7825169.stm [Accessed 28th February 2009]. Biz Ed (2009) Asset Turnover [online]. Available from: http://www.bized.co.uk/compfact/ratios/asset3.htm [Accessed 12th April 2009]. British Airways Plc (2008) About British Airways [online]. Available from: http://www.britishairways.com/travel/aboutba/public/en_gb [Accessed 28th December 2008]. British Airways Terminal 5 (2008) Welcome to Terminal 5 [online]. Available from: www.terminal5.ba.com [Accessed 1st January 2009]. British Airways (2009) On Board BA [online]. Available from: http://www.britishairways.com/travel/onboard/public/en_gb [Accessed 23rd April 2009]. Civil Aviation Authority (2008) About the Civil Aviation Authority [online]. Available from: http://www.caa.co.uk/default.aspx?catid=286 [Accessed 28 December 2008]. Civil Aviation Authority (2008) Size of UK Airports [online]. Available from: http://www.caa.co.uk/docs/80/airport_data/200810/Table_01_Size_of_UK_Airports.pdf [Accessed 1st December 2008]. Civil Aviation Authority (2009) UK Airline Statistics [online]. Available from: http://www.caa.co.uk/default.aspx?catid=80&pagetype=88&pageid=1&sglid=1 [Accessed 15th April 2009]. Doganis, R (2006) The Airline Business. 1st Ed. Routledge. easyJet (2008) Introduction to easyJet [online]. Available from: http://www.easyjet.com/en/Investor/investorrelations_introduction.html [Accessed 28th December 2008]. Elliot, B. Elliot, E. (2008) Financial Accounting and Reporting. 12th ed. England: Pearson Education Limited. Flybe (2008) Company Information [online]. Available from: http://www.flybe.com/company_information/default.htm [Accessed 26th December 2008]. Flyer Air Portal (2009) easyJet plans greener airliner [online]. Available from: http://www.flyer.co.uk/news/newsfeed.php?artnum=580 [Accessed 24th April 2009]. Gael Community (2009) Countdown to paperless airline ticketing [online]. Available from: http://www.gaelcommunity.com/blogs/community_blog/archive/2008/05/03/the-countdown-to-paperless-airline-ticketing.aspx [Accessed 18th March 2009]. Gross, D. (2008) Silver linings in the sky? A recession may actually be good news for fliers stressed out over delays. Already the number of flights is decreasing. Newsweek. 151(16). Guardian (2009) News in Brief [online]. Available from: http://www.guardian.co.uk/business/2007/nov/13/4 [Accessed 26/03/2009]. Guardian (2009) Ryanair boss’s plan for £10 flights to US flies in face of plunging profits [online]. Available from: http://www.guardian.co.uk/business/2008/nov/04/ryanair-airline-industry-transatlantic-flights [Accessed 2nd March 2009]. Guzhva, V, S. (2008) Applying intervention analysis to financial performance data: The case of US airlines and September 11. Journal of Economics and Finance. 32 (3), 1-243. Heathrow Airport Guide (2008) Expansion of Airports [online]. Available from: www.heathrow-airport-guide.co.uk [Accessed 29th December 2008]. Heathrow Airport (2008) Heathrow Airport Information [online]. Available from: http://www.heathrowinformation.co.uk/heathrow-airport-INF-information-terminal-5.php [Accessed 3rd December 2008]. Hotel World (2009) Flybe picks up two prestigious carrier awards [online]. Available from: http://www.hotelworldplus.com/news/?p=114 [Accessed 20th March 2009]. IATA (2009) Making a Safe Industry even Safer [online]. Available from: http://www.iata.org/pressroom/pr/2007-04-16-01.htm [Accessed 30th January 2009]. Investopedia (2009) Dividend Yield [online]. Available from: http://www.investopedia.com/terms/d/dividendyield.asp [Accessed 12th April 2009]. Jeans, T. (2008). Cited in Ezard, K. (2008) Airline facing bumpy ride in 2009 [online]. Available from: http://www.flightglobal.com/articles/2008/12/19/320365/airlines-face-bumpy-ride-in-2009.html [Accessed 9th December 2008]. Kelly, G. (2008). Cited in Seaney, R. (2008) Disaster for Airlines: Oil Prices [online]. Available from: http://abcnews.go.com/Business/BusinessTravel/Story?id=4847008&page=1 [Accessed 9th December 2008]. Library of Economics and Liberty (2008) Airline Deregulation [online]. Available from: http://www.econlib.org/library/Enc/AirlineDeregulation.html [Accessed 30th December 2008]. Millward, T. (2009) Airline passenger numbers continue to fall [online]. Available from: http://www.telegraph.co.uk/travel/travelnews/4290579/Airline-passenger-numbers-continue-to-fall.html [Accessed 3rd April 2009]. National Statistics (2008) Population Estimates [online]. Available from: http://www.statistics.gov.uk/cci/nugget.asp?ID=6 [Accessed 15th December 2008]. One World (2009) Airline Alliances [online]. Available from: http://www.oneworld.com/ [Accessed 23rd April 2009]. Ryanair (2008) About Us [online]. Available from: http://www.ryanair.com/site/EN/about.php?page=About [Accessed 28th December 2008]. Seaney, R. (2008) Disaster for Airlines: Oil Prices [online]. Available from: http://abcnews.go.com/Business/BusinessTravel/Story?id=4847008&page=1 [Accessed 9th December 2008]. Sloman, J and Sutcliffe, M (2004) Economics for Business. 3rd Ed. Harlow: FT Prentice Hall. The Herald (2009) Ryanair boss: I am serious about onboard toilet fees [online]. Available from: http://www.theherald.co.uk/news/news/display.var.2493662.0.ryanair_boss_i_am_serious_about_onboard_toilet_fees.php [Accessed 5th April 2009]. This is Money (2009) Companies & Markets – British Airways [online]. Available from: http://investing.thisismoney.co.uk/companyresearch/10015/British_Airways/company_research.html [Accessed 5th April 2009]. This is Money (2009) Companies & Markets – easyJet [online]. Available from: http://investing.thisismoney.co.uk/companyresearch/14263/easyJet/company_research.html [Accessed 5th April 2009]. This is Money (2009) Companies & Markets – Ryanair Holdings [online]. Available from: http://investing.thisismoney.co.uk/companyresearch/13366/Ryanair_Holdings/company_research.html [Accessed 5th April 2009]. This is Money (2009) Financial mail city news: Flybe, bmi, easyJet, Aegis, Moss Bros [online]. Available from: http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=458650&in_page_id=3 [Accessed 6th April 2009]. This is Money (2009) Rocky ride for easyJet as boss offloads shares [online]. Available from: http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=471953&in_page_id=3 [Accessed 5th April 2009]. This Is Money (2009) Ryanair boss hedges his bets on oil prices [online]. Available from: http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=473089&in_page_id=3 [Accessed 24th March 2009]. This is Money (2009) Virgin challenges BA with bmi bid [online]. Available from: http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=459252&in_page_id=3&in_a_source= [Accessed 5th April 2009]. Tutor2u (2009) Main Accounting Ratios [online]. Available from: http://tutor2u.net/business/accounts/main_ratios.htm [Accessed 20th January 2009]. Tutor 2u (2009) Strategy – SWOT Analysis [online]. Available from: http://tutor2u.net/business/strategy/SWOT_analysis.htm [Accessed 6th April 2009]. Value Based Management (2008) PEST Analysis [online]. Available from: http://www.valuebasedmanagement.net/methods_PEST_analysis.html [Accessed 5th January 2009]. Virgin Aircrew Lies (2009) Virgin Atlantic Airways [online]. Available from: http://www.virginaircrewlies.com/ [Accessed 5th April 2009]. Wallis, R. (2003) How Safe are Our Skies? Assessing the Airlines’ Response to Terrorism. Greenwood Publishing Group. Wallop, H (2007) Holiday homes in the sun lose their shine [online]. Available from: http://www.telegraph.co.uk/news/uknews/1565278/Holiday-homes-in-the-sun-lose-their-shine.html [Accessed 15th December 2008].