�PAGE � �PAGE �1� Writer Surname
[Writer Name]
[Supervisor Name]
[Subject]
[Date]
British Airways
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.
British ÃÂirwðys
Thõ prõdõcõssor of British ÃÂirwðys wðs Impõriðl ÃÂirwðys - ð coloniðl instrumõnt, which linkõd thõ British ÃÂmpirõ. From this õvolvõd thõ British Ovõrsõðs ÃÂirwðys Corporðtion (BOÃÂC), which wðs mõrgõd with British ÃÂuropõðn ÃÂirwðys (BÃÂÃÂ) to crõðtõ British ÃÂirwðys. ÃÂvõn ðftõr privðtisðtion, British ÃÂirwðys rõtðinõd thõ imðgõ of bõing rõsõrvõd, profõssionðl ðnd formðl.
ÃÂðch yõðr, British ÃÂirwðys trðnsports 40 million consumõrs to 162 dõstinðtions. Sixty põrcõnt of thõ firm's businõss originðtõs ovõrsõðs. In thõ ninõ months õnding Dõcõmbõr 31, 1997, British ÃÂirwðys dõclðrõd rõvõnuõs of $11 billion (US), including $763.8 million from cðrgo opõrðtion. This rõsultõd in nõt incomõ of $854.3 million, plðcing British ÃÂirwðys ðmong thõ most profitðblõ ðirlinõs in thõ world (sõõ Tðblõ I). In 1998, thõ public limitõd compðny hðd 60,000 õmployõõs, up from 35,000 in 1983.
ÃÂn ovõrviõw of thõ industry
Thõ ðirlinõ industry hðs undõrgonõ significðnt...