Assessment For The Financial Accounting Essay Example | Topics and Well Written Essays - 5500 words

Assessment For The Financial be - Essay ExampleInfo EasyJet Plc along with its subsidiaries EasyJet Airline Company Limited and EasyJet Switzerland, is the min base largest low-cost carrier inside all of Europe. Formed only in 1995, that makes it much junior than close to of its direct competitors yet the alliance has been able to make a great name for itself in a very short age of time (EasyJet Plc, 2010). Following atomic number 18 some achievements of the company (EasyJet Plc., 2011) Info EasyJet Plc along with its subsidiaries EasyJet Airline Company Limited and EasyJet Switzerland, is the second largest low-cost carrier within all of Europe. Formed only in 1995, that makes it much younger than most of its direct competitors, yet the company has been able to make a great name for itself in a very short duration of time. Following are some achievements of the company (EasyJet Plc., 2011) 48.8 cardinal passengers flew by EasyJet in 2010 (out of 56 million flight seats). Th e fleet of 196 aircraft 509 routes Was amongst the very first companies to start e-commerce, they started marketing online seats in 1997. As of today, easyjet.com remains UKs most visited airline website. Gargantuan revenues worth 2,973.10 million. (Moneycentral Thomson Reuters, 2011)The aforementioned figures are absolutely remarkable, particularly considering the fact that this was a very bad year for airline carriers to the UK as the Eyjafjalla volcano in Iceland erupted and many flights were canceled during April-May (2010)... mpany Backgrounds EasyJet plc Company 1 EasyJet Plc Industry Airline Info EasyJet Plc along with its subsidiaries EasyJet Airline Company Limited and EasyJet Switzerland, is the second largest low cost carrier within all of Europe. Formed only in 1995, that makes it much younger than most of its direct competitors yet the company has been able to make a great name for itself in a very short duration of time (EasyJet Plc, 2010). Following are some achiev ements of the company (EasyJet Plc., 2011) 48.8 million passengers flew by EasyJet in 2010 (out of 56 million flight seats). Fleet of 196 aircrafts 509 routes Was amongst the very first companies to start e-commerce, they started selling online seats in 1997. As of today, easyjet.com remains UKs most visited airline website (EasyJet Plc., 2011, pp.6-8). Gargantuan revenues worth ? 2,973.10 million. (Moneycentral Thomson Reuters, 2011) The aforementioned figures are absolutely remarkable, especially considering the fact that this was a very bad year for airline carriers within UK as the Eyjafjalla volcano of Iceland erupted and many flights were cancelled during April-May (2010) EasyJet executives place the estimate of damage and loss to be around ? 30 million. And then there was the air traffic control strike, which significantly affected the profits by increase the overheads and costs. (EasyJet Plc., 2011, p.17) And even after such incidents, EasyJet managed to bring about an incre ase in its YoY net and gross profits, whilst change magnitude the revenues slightly. Tullow Oil Plc Company 2 Tullow Oil Plc Industry Oil or Gas Exploration / employment Info For a company with such a humble beginning, the progress that Tullow Oil has made from its creation in 1985 is nothing short of a miracle.