AF2110 Management Accounting 1 Kingfisher Airline Revival Plan Group 8 CONTENTS 1) Introduction 3-4 2) Decision Analysis Buy or lease decision Aircraft configuration decision Pricing decision 4-7 3) Cost Analysis Variable cost Commission expense Fuel cost Employee cost Fixed cost Aircraft leasing cost and depreciation Landing and navigation cost Interest expense 7-9 4) Other Recommendation Transform into low fixed cost structure Lowering the currency
Premium Variable cost Expense Airline
INTRODUCTION Kingfisher was one of the largest aviation companies in India. It was set up in the year 2003 by the United Breweries Group but shut down its operations in 2012 as it never made profit. In 2015‚ United Bank of India declared Vijay Mallya‚ the company’s promoter and chairman‚ a ‘wilful defaulter’. The company owed more than rupees 80 billion in unpaid loans to banks and tax authorities‚ employees had claims against the company for unpaid amounts. ANALYSIS Q1.Who is obliged to repay a
Premium Vijay Mallya Vijay Mallya Loan
Introduction Being a low-cost carrier‚ Indigo offers only economy class seating accommodating 180 passengers per aircraft. To keep fares low‚ Indigo does not provide complimentary meals in any of its flights‚ though it does have a buy-on board in-flight meal programme. No in-flight entertainment is available and Hello 6E is the in-flight magazine published by IndiGo. IndiGo offers premium services‚ where the passengers can avail additional benefits like a pre-assigned seat‚ multiple cancellations
Premium Quality of service Quality of service Customer service
IndiGo is India’s largest airline with a • market share of 29.7 per cent as of July 2013 as well as the • country’s largest low fare carrier. IndiGo is • the fastest growing low cost carrier in the world (source: CAPA). IndiGo has a simple philosophy: • offer fares that are always low‚ flights that are on time‚ and a courteous‚ hassle-free travel experience. IndiGo’s On Time Performance is one of the best in India. IndiGo’s • Technical Dispatch Reliability is 99.91% making it the airline
Premium Airline Low-cost carrier Air France
Kingfisher Airlines Ltd BSE: 532747 | NSE: KFA | ISIN: INE438H01019 Market Cap: [Rs.Cr.] 615 | Face Value: [Rs.] 10 Industry: Transport - Airlines Discuss this stock Balance Sheet (Rs. in Crores) * Standalone * | * Consolidated | | Particulars | Mar-12 | Mar-11 | Mar-10 | Mar-09 | Mar-08 | Jun-07 | SOURCES OF FUNDS : | | | | | | | Share Capital | 1‚130.75 | 1‚050.88 | 362.91 | 362.91 | 135.80 | 135.47 | Reserves Total | -6‚213.15 | -4‚002.07 | -4‚240
Premium Balance sheet Asset Liability
slogan | Go IndiGo | | | Headquarters | Gurgaon‚ Haryana‚ India | | | Key people | Rahul Bhatia‚ MD Aditya Ghosh‚ President | | | Website | www.goindigo.in | Founded | 2006 | Introduction IndiGo‚ is a private‚ low-cost airline based in Gurgaon‚ Haryana‚ India.Since commencing operations in August 2006‚ it has established itself as one of India’s leading airlines using its model of efficient‚ low-cost operations and by attracting customers with low fares. IndiGo is the largest
Premium Low-cost carrier Airline US Airways
CERTIFICATE This is to certify that the project work “ANALYSIS OF KINGFISHER AIRLINES” is a bonafide record of work done by Mr. Debasis Patra under my guidance in partial fulfillment of the requirements for the programme in PGDM in Aviation. Prof. S. N. Mishra Head PGDM- Aviation Management ACKNOWLEDGEMENT I take immense pleasure in thanking Prof. S. N. Mishra‚ Head (Aviation Management) for having permitted me to carry out this project work. Finally‚ yet importantly
Premium Airline Kingfisher Airlines US Airways
How IndiGo’s Aditya Ghosh is the only airline boss still flying Binoy Prabhakar‚ ET Bureau Jun 3‚ 2012‚ 10.31PM IST (Aditya Ghosh‚ 36‚ President‚ IndiGo Became general counsel of InterGlobe Group (an aviation and travel services company owned by IndiGo founder Rahul Bhatia) when he was 28 years old. Elevated to president of IndiGo at 32. Education: History Graduate‚ Post graduate degree in Law from Delhi University Family: Married to Manavi‚ a former headhunter Children: Avantika
Premium Low-cost carrier Airline Southwest Airlines
KINGFISHER Presented By ANISHA MITTAL XI-C INTRODUCTION Kingfisher Airlines Limited is an airline group based in India. Its head office is in Andheri (East)‚ Mumbai and Registered Office in UB City‚ Bangalore. Kingfisher Airlines‚ through its parent company United Breweries Group‚ has a 50% stake in low-cost carrier Kingfisher Red. The airline has been facing financial issues for many years. Until December 2011‚ Kingfisher Airlines had the second largest share in India’s domestic air travel market
Premium Vijay Mallya Kingfisher Airlines United Breweries Group
Thursday 15 September 2011 Kingfisher half year sales up 3.8%‚ adjusted pre-tax profits up 24% to £439 million Group Financial Summary 26 weeks ended 30 July 2011 2011/12 2010/11 % Like- for-like (LFL) change change % Total Reported change +3.8% +3.0% +17.6% +16.5% +24.0% +27.4% +28.3% n/a % Total Constant currency Sales £5‚662m Retail profit £473m £402m Adjusted pre-tax profit Adjusted basic EPS 13.5p 10.6p Interim dividend 2.47p 1.925p (Financial net debt) / net
Premium