However, this had an adverse effect on the financial statements of the airline as the total debt soared from Rs 55 crore in 2010-11 to Rs 855 crore in 2011-12. The debt further increased to Rs 1678 crore in 2012-13. This plummeted the networth of the company from Rs 321 crore in 2010-11 to minus Rs 147 crore in 2011-12. Two years hence, when the aircrafts were introduced in the fleet, the maintenance costs of SpiceJet rose by over 50%. The reason for this was the lack of support centres in India for the aircraft
9) The sales of the company have increased relatively in 2013 but it is cancelled out by their exorbitant net loss. 10) Currently, share price also has fallen down from 17$ to only 0.56 cents leading to the company to lose more than 80% of its share value. 11) In the first quarter of 2014, net sales came down to 137.1 million USD and Gross Profit came down to 72 million USD compared to the first quarter last year. This impact was due to heavy competition. 12) About the Apparel industry in general, it has been highly volatile and inconsistent of late.
Competition and market share in manufacturing business 4. Conclusion 5. References History of Boeing and Airbus Boeing- Boeing was founded in 1997, is the largest aerospace company in the world. The company had been formed by credits to McDonnell Douglas Corporation who had merged with the company in 1997 and by the Rockwell International Corporation who had joined hands with Boeing in 1996. The founder of the company is William Boeing.
With Airbus now an established competitor to Boeing, both companies use advanced technology to seek performance advantages in their products. Many of these improvements are about weight reduction and fuel efficiency. For example, the Boeing 787 Dreamliner is the first large airliner to use 50% composites for its construction. The Airbus A350 XWB features 53% composites. Provision of engine
Post Liberalization The Indian Government re allowed private sector in mid 80 's and with the emergence of new competitors like Indian Airlines faced tough competition from Jet Airways, Air Sahara (now JetKonnect), East-West Airlines, Skyline NEPC, and ModiLuft. Yet till 2005, Indian Airlines was the second largest airline in India after Jet Airways while Air Sahara controlled 17% of the Indian aviation industry.During that time few other domestic carriers like East-West Airlines, Skyline NEPC and ModiLuft discontinued their flight operations. Also during 1993 another Government established regional feeder airline called Vayudoot was merged with Indian Airlines but still operated as a standalone division until 1997 after which its entire flight operations were transferred to Indian Airlines and its employees absorbed into Indian Airlines and Air India. Post Low-Cost
British airway is the biggest airline of United Kingdom in terms of fleet size, international flights and international destinations. While in terms of passengers carried, it is second only to easyjet . British Airways is the dominant player in Heathrow airport, occupying 40% of the slots available. London Gatwick airport is their second hub. In 1972, British Airways was established by the UK government by merging British Overseas Airways Corporation, British European Airways, Cambrian Airways and Northeast Airlines.
The hotel rate had declined 8.9% in 2009, and was forecasted to drop a further 0.2% in the following year. Another important financial indicator-RevPAR was also seen a decline of 17% in 2009, and a further 3.6% decline in 2010. As the whole industry situation was not very good,
Since the 1980s the international airline business, it has been tough competition environment, with major international airline (Iatrou and Oretti, 2007). SIA has developed innovative strategies to adapt the market changes, outperformed of competitors through a different position and diversified products. According to IATA, the global airline industry had estimated almost $31 billion cumulative losses between 2001 and 2010 (IATA, 2011). In a recent study, Booz & Company (2009) states that many of the world’s airlines are in poor financial health and are ill-equipped to weather the global recession (see Figure 1, p.3). In the result, SIA was the best financial health rating as 1st with excellent Financial Health.
Negative impact of the commercial irregularities in India was considered to be the main reason for the fall of sale. Revenue of Reebok’s for the quarter was at Euro 336 million (Rs 2,280 crore), against Euro 427 million in the year-ago period. Flagship Adidas, on the other hand, grew 11 per cent, while TaylorMade (which is Adidas’ brand for the golf segment) grew 25 per cent during the quarter under review. Despite Reebok’s weak performance, Adidas executives ruled out the brand’s sale, which it acquired in 2005 for $3.8 billion. On April 30 2012 Reebok officially confessed about commercial irregularities at Reebok India.
The company is the first introducer in many respects. This company is the only one that can make non-stop flights from Europe to Australia and the nations of Southeast Asia. However, Singapore Airlines were deprived of the opportunity to carry out non-stop flights to major cities in the United States because of the very large distance. Therefore, for such cases the carrier has launched long-haul airliners that are equipped only with a business class cabins, which in turn, can significantly reduce the take-off weight of the aircraft and increase the fuel capacity. In this context, it is important to mention that the Singapore Airlines became the first company that held the longest non-stop flight in the history in 2004 and launched the commercial operation of new double-decker airliner Airbus A380 in