Analysis of Financial Statements of Jet Airways

Only available on StudyMode
  • Download(s) : 270
  • Published : April 10, 2011
Open Document
Text Preview
TERM PAPER OF
ACCOUNTING FOR MANAGERS

TOPIC:- FINANCIAL STATEMENT ANALYSIS OF JET AIRWAYS INDIA LIMITED.

SUBMITTED TO
NITIKA SEHGAL

SUBMITTED BY SABA MASOD ROLL NO :-B 43 SEC.S1001 REG NO:-11004459

INDEX
1.INTRODUCTION
2.COMPARATIVE BALANCE SHEET
(interpretation)
3.COMPARATIVE INCOME STATEMENT
(interpretation)
4.COMMON SIZE BALANCE SHEET
(interpretation)
5.COMMON SIZE INCOME STATEMENT
(interpretation)
6.TREND ANALYSIS
7.(interpretation)
8.RATIO ANALYSIS
(interpretation)
9.COST ANALYSIS
(interpretation)
10.BIBLIOGRAPHY

ACKNOWLEDGEMENT

If words are considered to be A sign of gratitude then let these words convey the very same.I am highly indebted to lecturer MS NITIKA SEHGAL, who has provided me with the necessary information and also for the support and her valuable suggestions on bringing out this TERMPAPER in the best possible WAY. I feel great pleasure to cordialLY thank to all faculty members of management department of LSM who sincerely supported me with the valuable insights into the completion of this TERMPAPER and I am thankful to that power who always inspire me to take right step in the journey of success in my life.



INTRODUCTION

Jet Airways was incorporated as an "air taxi" operator on 1 April 1992. It started commercial airline operations on 5 May 1993 with a fleet of 4 Boeing 737-300 aircraft [2], with 24 daily flights serving 12 destinations. In 1991, the late P.V. Narasimha Rao, Prime Minister of India at the time, introduced an "open skies" policy as part of India's economic liberalisation. This opened doors for privately owned "air taxi" operators to start scheduled services. Initially these "air taxis" were not allowed to publish their schedules thus putting them at a considerable economic disadvantage vis-a-vis Indian Airlines, then the monopoly provider of all domestic air transport in India. Naresh Goyal, who already owned Jetair (Private) Limited (which provided sales and marketing for foreign airlines in India) took advantage of this opportunity by setting up Jet Airways as a full-service scheduled airline that would give competition to state-owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953, when all major Indian air transport providers were nationalised under the Air Corporations Act (1953), and January 1994, when the Air Corporations Act was repealed, following which Jet Airways received scheduled airline status. Jet Airways 45 destinations include most of the big cities in India. International destinations include Kathmandu, Colombo, Singapore, Kuala Lumpur and London's Heathrow Airport and will soon start serving Bangkok, Brussels and Newark. Jet Airways was the first private airline in India to fly to international destinations. It started international operations in March 2004 between Chennai and Colombo after it had been cleared by the Government of India to operate scheduled services to international destinations. Subsequently, a second route linking Mumbai with Colombo and a new route between Delhi and Kathmandu were added. The latter commenced in May 2004. On December 29, 2004 the Government of India decided in principle to permit privately owned Indian carriers to operate scheduled air services to any international destination world-wide (outside of Pakistan) with the exception of the Gulf countries, i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Another effect of this stipulation was that, apart from Jet Airways itself, Air Sahara was the only other privately owned Indian carrier permitted...
tracking img