Vs
| Table of Contents
Executive Summary 2 Introduction 4 Profitability 5 Easy Jet 6 Ryan Air 8 Comparing Profitability of Easy Jet & Ryan Air 10 Efficiency 13 Easy Jet 14 Ryan Air 15 Comparing Efficiency of Easy Jet & Ryan Air 16 Liquidity 19 Easy Jet 19 Ryan Air 21 Comparing Liquidity of Easy Jet & Ryan Air 22 Gearing 23 Easy Jet 24 Ryan Air 25 Comparing Gearing of Easy Jet & Ryan Air 26 Horizontal Analysis 27 Easy Jet 28 Ryan Air 29 Comparing Easy Jet and Ryan Air …show more content…
The analysis conducted in this report will lead to show the considerable growth shown by low cost carriers in the European Aviation market in the recent years.
Easy Jet was established in 1995 as part of the Easy Group by Stelios Haji-Ioannou a Greek-Cypriot businessman who began the business with 2 wet leased aircrafts operating on two routes, London Luton to Glasgow and Edinburgh (easyJet – Wikipedia.com, 2013).
Ryan Air was established in 1985 by Christopher Ryan, Liam Lonergan and Tony Ryan and began business with a 14-seat aircraft, flying between Watford and Gatwick Airport (Ryan air – Wikipedia.com, 2013).
This report will be looking at data taken from the annual reports of Easy Jet for the fiscal years ending 30th September 2012, 30th September 2011 and 30th September 2010, and for Ryan Air data taken from the annual reports for the fiscal years ending 31st March 2012, 31st March 2011 and 31st March 2010.
The data from the annual reports will be used to conduct a fair analysis of the 2 airlines by looking at the Profitability, Efficiency, Liquidity and Gearing for each airline across the 3 fiscal years.
However there are a few factors about the annual reports of the 2 companies to keep in mind that will affect the fairness of the results and analysis conducted in this report. The 2 main factors are: 1) The fiscal years of the 2 airlines are not overlapping, i.e. Easy Jet ends in September and Ryan Air in