We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Premium Company Profile: British Airways Plc - Essay Example

Comments (0) Cite this document
Management for the future British Airways is the pioneering airlines companies in the globe with a vigorous (quantitative analysis will be done later) annual sales and profit generation. The hardcore goal of the company is the appropriation of the commercial benefits in a single campus and in the policy of shifting the operations in the Heathrow Airport which is the largest airport in the world…
Download full paperFile format: .doc, available for editing
Polish This Essay98.4% of users find it useful
Premium Company Profile: British Airways Plc
Read TextPreview

Extract of sample
"Premium Company Profile: British Airways Plc"

Download file to see previous pages In the fiscal year 2007, the company executed about 33 million passengers and 762,000 tons of cargo. The company recorded a declining revenue growth in the last five years. The revenues of the company grew at a rate of compound rate of 3% from an amount of ?7,688.0 million in 2003 to ?8,492.0 million in 2007 (Premium Company Profile: British Airways Plc, 2008). 2003 Year 2003 was very difficult for the company. The revenue generating mechanism of te company in the first part of the year suffered from the aftershock of the 9/11 incident inculcated with the economic downturn. In the mid phase of the year, the threat of the war in the Middle East created uncertainty and led to the tremendous decline in the demand. At the end of the financial year hostilities with adverse consequences and travel in the Middle East was curtailed. Again the outbreak of the contagious disease SARS (Acute Respiratory Syndrome) took place with its devastating effects on the company’s revenue generation. The company suffered a tremendous loss of around ?26 billion. In that juncture, several airlines went out of business and the others struggled to remain viable. In the United States, the carriers propped up by the government handouts and loan guarantees a competitive advantage not available to nor desired by the company. Against this critical juncture the performance of the company was quite credible. The profits were reaped through massive reduction in the costs rather than on emphasizing on the regime of improvement of the revenue and its yield. The total revenue earned was ?7.7 billion which was a decline of ?650 million from the previous year. The passenger numbers were down by 5 per cent to around 38 million. Increase in the volume of the cargo was around 4.4 per cent and the fall in the yield was by 4 per cent. The capacity deployed in the market declined by whopping 8 per cent and the performance in terms of the revenue passenger kilometers achieved. This led the load enhanced by a percentage of 1.5 per cent to around 71.9 per cent. The drive for cutting the costs and the improvement of the efficiency went under the Future Size and Shape program. A total of around ?1 billion was taken out of the business for the reduction in the unit cost of around 5.5 per cent. The manpower has been reduced by the equivalent of 10,000 people since August, 2001, and by September, 2003, a reduction of a further 3,000 was executed. One of the year’s most prominent and difficult decisions was connected with the retirement of the Concorde fleet. The company made the decision in the light of compelling economic and the technical evidence. The huge decline in the demand for the premium class travel had a heavy effect on the Concorde. The supersonic services across the North Atlantic was reduced by 50 per cent and the traditional Concorde customers stayed away or traded down, and there was faint hope of services returning to the breakeven point. The Concorde has an apex position in air transport history and the company has been extremely proud to have the globe’s only supersonic convey as the British Airways for almost 30 years. With the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Premium Company Profile: British Airways Plc Essay”, n.d.)
Premium Company Profile: British Airways Plc Essay. Retrieved from https://studentshare.org/business/1399912-managing-for-the-future
(Premium Company Profile: British Airways Plc Essay)
Premium Company Profile: British Airways Plc Essay. https://studentshare.org/business/1399912-managing-for-the-future.
“Premium Company Profile: British Airways Plc Essay”, n.d. https://studentshare.org/business/1399912-managing-for-the-future.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
British Airways
Essay on British Airways Name: Institution: ESSAY ON BRITISH AIRWAYS “British Airways and its predecessor companies have been at the very forefront of air transport development since the dawn of this industry. We will continue to lead in the future" (British Airways, 2004).
3 Pages(750 words)Essay
British Airways
Being UK’s largest scheduled airline, a brief background on British Airways would be given so as to guide in the evaluation of its marketing practices including pricing, distribution and branding, borrowing from the airline’s website and various secondary sources.
5 Pages(1250 words)Essay
Marketing Analyze Project (Company: British Airways)
Every business organization exists primarily to make profits. With an adequate profit, the organization becomes capable of managing its operations and possibly sustaining its growth. However, marketing is a daunting task that needs effective and timely information about the market (Homburg, Sabine & Harley, 2009).
6 Pages(1500 words)Essay
British Airways PLC
The current ratio above shows that the total assets for the year 2007 was 1.24 times the total liabilities of the year. This means that the company will be able to pay all their current liabilities as well as long term liabilities when the maturing date for their payments arrive.
11 Pages(2750 words)Research Paper
Annual Financial Report Analysis for British Airways PLC
s of the company to better evaluate the company’s financial performance and position and to compare and contrast these results for the year 2005 with those of the previous year to identify any improvements, hindrances, cut backs or decline in the company’s performance over
14 Pages(3500 words)Essay
Disscuss the posiible future structure of British airway
This is crucial in meeting the ever-changing demands of consumers. British Airways is the largest airline in the United Kingdom. It has been the leader in innovations. Summerfield (2005) reports an innovative way that the airline allows its staff to be involved in
4 Pages(1000 words)Essay
Improving Operations Management at British Airways plc in the current economic climate
Its key role is to provide its services to the international and domestic travelers. The current economic recession has marked an effect on British Airways too. However the airline is very much coping with the current economic and fiscal changes so far, nevertheless
6 Pages(1500 words)Essay
BP operates with more than 24000 gas stations globally and markets the products in above 100 countries. To encourage environmental sensitiveness, this enterprise has
10 Pages(2500 words)Essay
British Airways
However, this report has the limitation of reliance on not so recent data as retrieved from the British Airways official website. Founded in 1974, British Airways Plc, commonly
5 Pages(1250 words)Essay
Project work of a British company profile
The name of the company came after Thomas Edward Stockwell brought a shipment of a tea and thus described the tea from the supplier as TES coming from the first three name of the supplier and the last letters came from the surname of the founder (CO). The
6 Pages(1500 words)Essay
Let us find you another Essay on topic Premium Company Profile: British Airways Plc for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us