Executive Summary This report analyses Virgin Australia (ASX code VAH) and identifies its potential business and audit risks that will need to be addressed in the 2014 audit. It is presented to the Virgin Australia Audit Committee as part of the 2014 Audit planning process. The first part of this report provides a broad introduction into the business of Virgin Australian by examining its principal sources of revenue‚ its nature of operating‚ its competitors‚ the market share and the regulations
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of the air tickets for the first time for free‚ this distinguish from its competitor which will attract more customer to fly using Jetstar. According to the article‚ beginning of August‚ 2009‚ Jetstar offers interlining for passengers form and to Qantas‚ Jetstar Australia and Jester Pacific. This provide a seamless ticketing offering for airline customers on all the Jetstar Asia’s market. Although‚ Jetstar seem to have many strengths it also have it weaknesses. For example‚ Jetstar Asia has to contend
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Executive Summary Jetstar Airways is an Australia low-cost carrier airline based in Melbourne‚ Australia. It is a wholly owned subsidiary of the Qantas Group. Qantas established Jetstar in 2003 as a response to main competitor airline Virgin Australia (formerly known as Virgin Blue). Despite its low cost‚ Jetstar operates an extensive domestic network and is the world’s largest long-haul low cost carrier. Jetstar operates to destinations in Asia the Pacific Ocean‚ with future plans of expanding
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established in 2003 as a low-cost airline by its parent company- Qantas. Explicitly in response to the threat posed by its competitor- budget airline- Virgin Blue (Jetstar Airways 2009). Intense rivalry within an industry Risk to Jetstar is High The competition in the airline industry takes the form of association rivalry as well as individual airlines competing in markets where Jetstar is at hand. As mentioned‚ Jetstar was established by Qantas in response to introduction of another low- budget airline
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This paper briefly described what the airline industry included and the environment of the competitive market. Air transport has been a big industry. And the airline industry is consistent developing. After the crisis‚ although the airline industry has been hit ‚ the industry is also one of the vital industries. The industry is facing the deman problem. When facing a growth in demand‚ airlines tend to respond more by means of increasing frequencies than by increasing aircraft size(Moshe
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1.2. Qantas’ stakeholders Stakeholders are all groups and individuals who have an interest in the company being analysed. In order to focus on these groups which have the power to influence‚ corporate level activities have to be identified first. This can include large shareholders‚ governments and trade unions. The power and interest of those stakeholder groups have an impact on the process by which strategy develops at the corporate level and in each individual business. (Williamson et al‚ 2004
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3. Audit risks 6 Threats to Regional Aviation Carbon Tax Additional cost burden Air services will be taxed Carbon Tax proposed to be $23 per mt CO2 equiv Rex Consumption approx. 115‚000 mt CO2 pa No shielding for regional air services Regional air services should be shielded at 100% En Route Scheme Rex thin routes potentially affected once rebates stops: Taree‚ Grafton‚ Melbourne/Griffith‚ Bathurst‚ Moruya‚ King Island and Merimbula Security Screening Current Rules Required for aircraft
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Airlines‚ Cathay Pacific‚ Qantas and Canadian Airlines. Also it is member of International Airlines Group. Nowadays British Airways is using strategy of Marketing Mix including 4p’s. First of all‚ what is it Marketing Mix of 4 p’s? “Marketing Mix” is said for different performances which companies have to choose to bring a product or service to market. Marketing Mix 4 p’s: * Product: characteristics and features * Price: pricing strategies * Place: location‚ distribution channels * Promotion:
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This performance has been driven by growth in passenger revenues and important strides made in the long haul passenger market. “Against the backdrop of the global economic slowdown‚ Emirates’ performance is highly commendable. The partnership with Qantas and a more aspirational positioning have seen customer revenues and brand value grow‚” said Hany Mwafy‚ Brand Finance Managing Director Middle East. Emirates airline continued to post strong growth with connecting traffic through its hub‚ whilst
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transparency and tends to have an absence of sharp edges. Marc Newson was included in Time magazine’s 100 Most Influential People in the World and has received numerous awards and distinctions. Marc Newson has also designed very famous aircraft called Qantas A380 in 2008. His works are put in different museum collections. Some of them are; *Art Gallery of South Australia Adelaide‚ Australia *Musée des Arts Décoratifs‚ Paris‚ France and *Museum fur Kunst und Gewerb‚ Hamburg‚ Germany. Wood Chair-
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