5/23/2013 | By Peou Prak, Rina Nugraha, Alice Yang | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Contents Objective 3 Introduction 3 Business and Strategy Analysis 4 Accounting Analysis 12 Financial Analysis 16 Prospective Analysis 18 Conclusion and Recommendation Appendices………………………………………………………………………………………………………………………………………26-31 No table of contents entries found. 1.0 Objectives The purpose of this report is to provide a fundamental analysis of Flight Centre Limited (Ltd) and provide recommendation for investors wishing to invest in this company. The recommendation was made based on a number of critical …show more content…
* Recommendation - finally a recommendation is made as to whether the investor should hold, buy, or sell its Flight Centre’s shares. 2.0 Introduction Flight Centre Limited (FLT) started in the early 1980s and is an Australian-based company listed on Australian stock exchange (ASX). It is now ranked as the third largest Australian consumer service company with market capitalisation of approximately AU$4,117 million as at early May, 2013 and is employing over 7,000 employees in Australia. FLT is engaged in three main segments of travel retailing, corporate travel management to wholesaling business with a global presence but mainly focused in 5 geographical regimes in Australia, United States, United Kingdom, Asia and the rest of the world. FLT owned more than 30 brands including FCM Travel Solutions, Corporate Traveler, Escape Travel, Student Flights to Campus Travel and many more with a global networking spanned over 75 countries to develop and promote attractive and responsible holiday options. Some of the key competitors in Australia are Jetset Travelworld Limited, STA Travel LTD, and Webjet Limited. 3.0 Business and Strategic Analysis 3.1 Economy analysis: Despite the sharply negative shocks, Australian tourism continues to deliver its services where we have witnessed an increase in tourism expenditures of 5% from 2010 and recently FLT had enjoyed a remarkable growth to become a
The purpose of the report is to assist Aircraft Solutions (AS) in indentifying the most significant Information Technology (IT) security vulnerabilities. AS products and services are at the forefront of the industry and the protection of such is very important as they are an industry leader. The vulnerabilities that will be discussed are the firewall configuration, virtualization of their
The purpose of this paper is to explore and assess computer security as it relates to Aircraft Solutions. Aircraft Solutions provides products and services to a range of companies that require highly specialized skills. Information is accessed by internal and external users via their Business
Qantas is one of the major companies in Australia, and also is an important part of the airline global industry. However, this report suggest that, it is not an appropriate time to invest in this company, because the company is going through financial
Weaknesses are a symptom that is prevalent in today’s information technology realm, indicating vulnerabilities and risks that come hand and hand with shared networks like Aircraft Solutions. With enterprises exchanging an unprecedented level of information over open networks, the vulnerabilities and possibility of compromised security by unwanted intruders is swelling up into a new type of beast.
The goal of this paper is to explain the prominent success of Southwest Airline in the United States through a single case study analysis making use of the McKinsey’s 7-S framework. Developed in the early 1980s at the McKinsey & Company consulting firm by Tom Peters and Robert Waterman, this framework looks at 7 internal factors (Structure, Strategy, Systems, Style, Staff, Skills, Super-ordinate goals) which, according to its authors, need to be aligned for an organization to be successful. In this paper, we will analyse each of its internal elements through the case study “Southwest Airlines in 2008, Culture, Values, and Operating Practices”.
From the humble financial portfolio as a crop dusting outfit in the mid twentieth century, to the multi-billion dollar portfolio of a major airline in the twenty first century, Delta Air Lines has risen as a successful business. The airline industry is directly affected by outside economic conditions and is also cyclical in nature. These factors make it very difficult for airlines to make predictions to stay financially afloat. Delta has ridden the bumpy path of the last twenty years and managed to survive. In the past twenty years there has been many events that
Flight Centre describes itself as a global discount flight specialist. Taking into consideration the relative size of the Australian and international operations as well as the availability of information on global environment and competitive factors, for this analysis, it is more appropriate to consider the Flight Centre’s industry environment as “The Australian international and domestic airline
With the BCG Matric analysis, we can argue that Easy Jet enjoys a viable competitive position because of its actual market growth. However, its prices have been compared with those of rival firms. This has clarified that Easy Jet emphasizes on being a low-cost carrier with no surplus in-flight services. Writers such as Quelch & Deshpande (2004, p. 71) argue that the Boston Consulting Group growth/share matrix has offered an opportunity to establish the market share of Easy Jet and the company's growth rate. In the context of the company's low cost market, it is clear that the market is still are still increasing. In addition, with the current fleet volume of 80 aircrafts, Easy Jet can serve 160 routes across Europe. Industry experts have associated such massive penetration with the rise in numbers of passengers and a relative rise in market share. Consequently, it is clear that the company has become a star. Nevertheless, Easy Jet must expand its market share for it to transform into a source of income after the decline of the market's growth rate. With respect to the company's Boston Consulting Group growth/share matrix analysis, we can claim that the cash flow of Easy Jet from operating activities have declined as well as the annual finances. Nevertheless, the acquiring firm's cash flow statement is the main area of focus (Butler &
Flight Centre has been a company that has been able to withstand an increase in their profit margins. After a well presented perofmance from the years of 2005 to 2006, has helped flight centre to manage a record of $120 million pre tax profit, meaning a 4% improvment of previous years. On decemeber 21st before being 4% lower at the value of $49.8 million, the componys pre tax profit was 70.2 million, 10% higher than the years 2004 to 2005. This means that after tax flight centres profit for the year was 79.9 million, a $% increase.
Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).
Table of ContentExecutive Summary1I. Introduction2II. Main Body1. History of British Airways22. Current strategic situation….42.1 Internal analysis42.2 External Analysis52.3 SWOT82.4. Current strategy93. Potential Strategic options124. Recommended strategic direction with rationale164.2 Strategy Evaluation175. Identification of critical success factors186. Performance measurement criteria197. Conclusion218. Bilbliography249. References24Executive SummaryThe main aim of this report is to undertake a review and analysis of British Airways. It is UK's leading airlines both at international and domestic level, with its operations spread over 300 destinations across the world. The report starts with a brief description of the company. Then the
The primary purpose of this report is to demonstrate the decision-making process for the chosen aviation company Virgin Atlantic Airline owned by Sir Richard Branson, which was established in 1984 and how they influence their customers to purchase their products and use their services. Virgin Atlantic offers many services such as
Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the
Launched just 8 years ago, today, the Jetstar Group consists of a network of value-based air carriers that deliver high quality air passenger services for budget-minded travelers across Australia, New Zealand and the Asia Pacific region. Beginning with just 400 employees, the company currently employs more than 7,000 people and carries about 20 million passengers a year. To gain some insights into how the Jetstar Group achieved this impressive growth in such a short amount of time, this paper provides a review of the relevant literature concerning the air passenger industry in general and the business strategy used by the Jetstar Group in particular. A summary of the research and recommendations for this company are provided in the paper's conclusion.
When planning my flyer, I found it apparent to identify the features to be used because I successfully accomplished the success criteria in order to create a professional company image. I analysed several flyers from different gyms and gained inspiration to add some sophisticated features onto my flyer. To get an idea of how a flyer should resemble, I evaluated two existing gym flyers. I had a clear and concise idea about the purpose of a flyer because the whole point of a flyer is to inform and persuade people to join Fitness 77.