revenues of E1‚215.6 million in 2010 and flying some 9.3 million passengers that same year ‚Aer Lingus has expanded into the second largest after low-cost rival Ryanair ‚airline in Ireland.‚with a 42% market share on its key Dublin to London route over BMI‚ Ryanair and Air France. Aer Lingus is currently 29.4% owned by its rival Ryanair ‚25.4% by the government and a
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Introduction We as financial consultants decided to pick 3 law cost airlines as a result a number of people flying more and more today and this industry will grow. This industry should be good for investment. Profitability Total revenue in 2011 was £3.452 million and grew by 16.8% in compare to 2010. This was achieved despite a significant increase in passenger taxes and economic instability around the world. This is a very healthy figure which might grow within the next years as a result of more
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March 2011 have affected the operating costs of Ryan air consequently. The repeated European government owned Air Traffic Control strikes have also caused a huge loss for airline industry as these strikes forced RA to cancel huge number of flights. Ryanair also had to pay compensation to passengers based on EU 261 reforms. Economic factors The interest rates in England is 0.5% which has a positive affect and will encourage RA to borrow money on low interest rates to expand their business activities
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ETHICS AUDIT ON RYANAIR Done By Hemanth Mutthukrushnun This is an ‘Ethics Audit Report’ prepared based on the operations of Ryan Air studied from various videos available on You Tube and the public documents disclosed by Ryanair. Set up in the year 1985 at a capital of 1 pound with a staff strength of 25‚ Ryanair is today the World’s favourite and most commonly used airline which operates more than 1‚400 flights per day from 44 bases and 1100+ low fare routes across 27 countries‚ connecting
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company named Ryanair. This company bases its competitive strategy in “cost leadership” approach (supply same service at lower cost) and is double the size of easyJet in terms of profit. It covers the main destinations of Europe offering around 27 different countries and main cities in every country. From 2011 to 2012 Ryanair had an increase in profit after tax of 25% leading to a new record of €503 million. On the other hand‚ easyJet in 2012 got €255 million of profit after tax (half of Ryanair`s profit)
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Customers-2nd most important stakeholder In my opinion‚ the 2nd most important stakeholder is the customer. This is because the customers buy goods or services from a business that provides them with their revenue. They are important because if business has no customers then there is no point of a business running. A good business has customer that have been influential to it in a positive way. Usually because the business has reached to something their customers have said or done. Customers
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1.0 Table of Content Topic Page 1.1 Brief History on AirAsia 2 – 3 2.0 Macro-Environmental PESTEL Analysis 4 - 12 2.1 Undertake a Macro-Environmental Analysis using the PESTEL Framework 2.2 AirAsia Inflation Rate in Malaysia 2.3 Brief Definition on Unemployment Rate 3.0 Porter’s Five Forces 13 - 16 3.1 Analyze the competitive forces within the industry using the Porter’s Five Forces Framework 4.0 Carry out a Customer Analysis 17 5.0 Analyze
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airline‚ they are more interested in the high quality of services‚ comfortable trip and good food. Compare AirAsia’s generic strategy (cost leadership‚ differentiation‚ focus) with the strategies of other incumbent carriers and with Southwest and Ryanair. How is it similar to and different from the
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[pic] Financial Management Submitting to : Dr. Ashlee Brown Word Count : 4300 Date : 23/03/2008 Student Name : Rajib Hasan Student no : 05093031 Course : BAAF‚ Year 3 Email : 05093931@dbs.ie Industry analysis- The airline industry Few invention of science has change the way people live and experience the world they are living and airplane is one of them. The oldest airline company of the world is KLM‚ a subsidiary
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While all of the principles of marketing are important‚ it is crucial to have a valuable brand name‚ understand your competitors‚ and be innovative. Having a valuable brand name is vital because customers and potential customers attribute product quality‚ styling‚ service and reliability to a brand name. Having a brand name that is trusted and easy to remember gains greater customer loyalty‚ after all‚ people tend to buy products from companies that they have heard of and from companies that have
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