International Financial Accounting and Reporting—easyJet and Ryanair Analysis.docx

International Financial Accounting and Reporting—easyJet and Ryanair Analysis.docx

  1. 1、本文档共19页,可阅读全部内容。
  2. 2、有哪些信誉好的足球投注网站(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
International Financial Accounting and Reporting—easyJet and Ryanair Analysis

A critical comparison of easyJet and Ryanairas potential investment optionsSmall Group Project Module Name: International Financial Accounting and Reporting (ACC 7701)Lecturer and Coordinator: Ciaran ConnollySchool:Queen’s University Management SchoolQueen’s University BelfastAuthors: Denton, S., Jin, Y.,Suraganova, N., Zhang, T.Group Number: 7Developed between: 18th October 2013 – 20thNovember 2013ContentsContentsIList of abbreviationsII1Introduction12Description of the Environmental Context and Strategies12.1External Profile12.2Internal Profile33Overview of Financial Statements and Performances44Ratios55Evaluation of the Ratios and Post Publication Events66Conclusion9Appendix11References15List of abbreviationsAF-KLMAir France –KoninklijkeLuchtvaartMaatschappijEPSEarnings per ShareGBPGreat Britain PoundGBpGreat Britain PenceIAGInternational Airline GroupIFRSInternational Financial Reporting StandardsLCC Low Cost CarriersPPEProperty, Plant and EquipmentpptPercentagePointsROCEReturn on Capital EmployedROEReturn on EquityWCWorking CapitalIntroductionAfter discovering the demand for low cost carriers (LCC), the European market has grown into a place of strong competition but also a place for skimming lucrative profits. The aviation industry is aworthwhile but in times risky investment area, due to volatile factors. This analysis comparesRyanair (RYA) andeasyJet (EZJ),two leading European LCC. Our analysis attempts to determine who might pose the better investment option. Besides ratio analysis this evaluation, takes the companies’ external environment and the critical success factors into account, thereby enabling a broader understanding of the industry,before concluding with an investment recommendation.Description of the Environmental Context and StrategiesExternal ProfileDuring the last 10 years, LCC have grown significantly in Europe in comparison with flag carriers (CAPA, 2013a). Chart 1: (CAPA, 2013a)LCC faced many difficulties in the European market. Heavycountr

您可能关注的文档

文档评论(0)

xcs88858 + 关注
实名认证
内容提供者

该用户很懒,什么也没介绍

版权声明书
用户编号:8130065136000003

1亿VIP精品文档

相关文档