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Assignment taskThe airline industry has greatly suffered from the effects of the

by | Apr 26, 2022 | Business | 0 comments

 

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Assignment taskThe airline industry has greatly suffered from the effects of the pandemic where at one point it was completely shut down and airlines were losing money at an alarming rate in what is already considered a fierce competitive industry. Over the years we have witnessed several airlines such as FlyBMI and Monarch Airlines that has folded as a result of the fierce competition.For this assignment, you are to:Select a UK/ Ireland based Airline of your choicePrepare an analysis of your chosen airline. Comment on their current position in the industry suggest a strategy, for your airline to overcome any financial difficulties caused by the effect of the pandemic ( if necessary) using accounting figures to demonstrate your answer
Using accounting Ratios e.g., Gearing: make a comparison of the Income Statements and Financial Accounts of two periods 2019, 2020, or 2020 to 2021 depending on the financial statements available.

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