3) Ryanair was introduced as a low-cost airline in 1991‚ CEO Michael O’Leary used the low-cost American‚ SouthWest airline model to plan their tactical direction. Ryanair has set values‚ which they want to succeed in such as: product leader‚ operationally excellent and being intimate with their customers. ( Dbuccellato2011‚ 2012) As for Southwest airlines‚ it is a people-oriented company and uses that orientation to leverage its advantages. It cuts costs by having employees who work for a company
Premium Low-cost carrier Airline Southwest Airlines
1. ¿Por qué Air Berlin quiere hacer una IPO? The decision of Air Berlin to launch an IPO is based on three main reasons that go along with the company’s corporate strategy. The company wants to raise gross proceeds of €350 million in order to fund the growth of its aircraft fleet‚ to pay off debt and to invest in sustainable growth. Hereby‚ 50% of net proceeds (total: €290 million) will be invested into purchasing 55 new aircrafts. Air Berlin wishes to expand its fleet by Airbus 320 airplanes
Premium Stock market
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
Premium Aer Lingus
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
Premium Debt Income statement Generally Accepted Accounting Principles
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)
Premium Competition Germany Strategic management
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
Premium Airport Parking lot Customer
com/pages/article/newSTR_66.htm. Ottink‚ F. (2004). "EasyJet will soon be bigger than Ryanair." Retrieved on March 18th 2013‚ from http://www.yeald.deyeald/a/33111/easyjet_will_soon_be_bigger_than_ryanair.ht ml. Skywards (2013). "EasyJet." Retrieved on March 18th‚ 2013‚ from http://www.skywards.com/partner_details.aspx?SkinID=1Partner%20Airlines&id=tcm:431-1023221. Sørensen‚ T. C. (2005). An analysis of the European low fare airline industry with focus on Ryanair EU Business & Law‚ Aarhus School of Business M.Sci. Sumberg
Premium Airline Southwest Airlines Low-cost carrier
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
Premium Low-cost carrier Southwest Airlines Airline
[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
Premium Stock Stock market Finance
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
Premium London Gatwick Airport British Airways Human resource management