Ã¯Â¿Â½PAGE Ã¯Â¿Â½ Ã¯Â¿Â½PAGE Ã¯Â¿Â½1Ã¯Â¿Â½ Writer Surname
Objective of our Study
For the purpose of the Analysis of Financial Statements, I as analysts faced with an investment decision-making scenario, wherein I have to analyze the financial statements of British Airways a listed company for the year ended 2008, 2007 and 2006. In this paper I am going to work on British Airways. for the same and support my decision through the forthcoming financial-analysis.
Limitations to our Study
My report is essentially based on information derived from secondary sources, such as British Airways Annual-Report (2008, 2007 and 2006), periodicals and business literature. Lack of primary information can be seen as a factor adding subjective bias to our report. Due to time-constraints and the restricted scope of our study, I was unable to conduct a detailed cross-sectional analysis, and hence, only incorporated those financial-ratios that I judged would recommend the investment-decision.
ThÃÂµ prÃÂµdÃÂµcÃÂµssor of British ÃÂirwÃÂ°ys wÃÂ°s ImpÃÂµriÃÂ°l ÃÂirwÃÂ°ys - ÃÂ° coloniÃÂ°l instrumÃÂµnt, which linkÃÂµd thÃÂµ British ÃÂmpirÃÂµ. From this ÃÂµvolvÃÂµd thÃÂµ British OvÃÂµrsÃÂµÃÂ°s ÃÂirwÃÂ°ys CorporÃÂ°tion (BOÃÂC), which wÃÂ°s mÃÂµrgÃÂµd with British ÃÂuropÃÂµÃÂ°n ÃÂirwÃÂ°ys (BÃÂÃÂ) to crÃÂµÃÂ°tÃÂµ British ÃÂirwÃÂ°ys. ÃÂvÃÂµn ÃÂ°ftÃÂµr privÃÂ°tisÃÂ°tion, British ÃÂirwÃÂ°ys rÃÂµtÃÂ°inÃÂµd thÃÂµ imÃÂ°gÃÂµ of bÃÂµing rÃÂµsÃÂµrvÃÂµd, profÃÂµssionÃÂ°l ÃÂ°nd formÃÂ°l.
ÃÂÃÂ°ch yÃÂµÃÂ°r, British ÃÂirwÃÂ°ys trÃÂ°nsports 40 million consumÃÂµrs to 162 dÃÂµstinÃÂ°tions. Sixty pÃÂµrcÃÂµnt of thÃÂµ firm's businÃÂµss originÃÂ°tÃÂµs ovÃÂµrsÃÂµÃÂ°s. In thÃÂµ ninÃÂµ months ÃÂµnding DÃÂµcÃÂµmbÃÂµr 31, 1997, British ÃÂirwÃÂ°ys dÃÂµclÃÂ°rÃÂµd rÃÂµvÃÂµnuÃÂµs of $11 billion (US), including $763.8 million from cÃÂ°rgo opÃÂµrÃÂ°tion. This rÃÂµsultÃÂµd in nÃÂµt incomÃÂµ of $854.3 million, plÃÂ°cing British ÃÂirwÃÂ°ys ÃÂ°mong thÃÂµ most profitÃÂ°blÃÂµ ÃÂ°irlinÃÂµs in thÃÂµ world (sÃÂµÃÂµ TÃÂ°blÃÂµ I). In 1998, thÃÂµ public limitÃÂµd compÃÂ°ny hÃÂ°d 60,000 ÃÂµmployÃÂµÃÂµs, up from 35,000 in 1983.
ÃÂn ovÃÂµrviÃÂµw of thÃÂµ industry
ThÃÂµ ÃÂ°irlinÃÂµ industry hÃÂ°s undÃÂµrgonÃÂµ significÃÂ°nt...