...Peou Prak, Rina Nugraha, Alice Yang | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Contents Objective 3 Introduction 3 Business and Strategy Analysis 4 Accounting Analysis 12 Financial Analysis 16 Prospective Analysis 18 Conclusion and Recommendation Appendices………………………………………………………………………………………………………………………………………26-31 No table of contents entries found. 1.0 Objectives The purpose of this report is to provide a fundamental analysis of Flight Centre Limited (Ltd) and provide recommendation for investors wishing to invest in this company. The recommendation was made based on a number of critical assumptions hence it should be evaluated very carefully as results can significantly differ depending on the assumptions provided. The four main sections discussed in this report include: * Business Strategic Analysis - this opening section provides a brief overview of Flight Centre’s business activity and analyses the travel and leisure industry. It also provides an insight into FLT’s corporate strategy and more importantly it discusses the impact of these external and internal factors on FLT’s profitability in the future. * Accounting Analysis - Includes an analysis of the key accounting policies of FLT and explains these policies are critical to FLT’s success. It also compares the policies applied by Flight Centre with its main competitor Jetset travel....
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...them including by: a) Identifying and profiling consumers who differ in their needs and preferences, and aggregating those consumers with similar needs (market segmentation); b) Choosing which market segments to enter (market targeting); and c) For each segment, establishing and communicating the distinctive benefit of the agency’s market offering (market positioning). 2. Flight Centre Limited (FCL) is a leading example of segmentation, targeting and positioning in the Australian sector. FCL has more than 30 brands, including the flagship Flight Centre brand. It is a house of brands, with company’s marketing activities being geared towards developing the range of leisure and corporate brands to cater for specific customer segments. 3. FCL takes a demographic segmentation approach to its leisure brands: Escape Travel: Escape Travel is FCL’s second largest leisure brand, targeting middle-market consumers and specialising in tailoring complete and affordable international and domestic holiday packages. Shops are predominantly located in major shopping centres. Customers can expect a professional and friendly service from “the Holiday People” and a diverse product range. Travel Associates The Travel Associates businesses target experienced travellers with discerning tastes, keen interests in exploring unique destinations specialises in luxury travel options. The boutique-style offices are located in fashionable shopping and eatery locations...
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...Goddard Space Flight Centre (GSFC) is facing a crisis brought on in part by their Organisational Structure and the inherent detriments of being an organisation that is naturally project centric rather than info-centric as it should be. The other large factor contributing to this rift in the foundations of the organisation is the separation and non connectedness of each individual project team, contractor, sector and additionally the gap between management and lower level employees. In this way there can be two distinct faults in the organisational structure that prevents GSFC from managing its knowledge effectively, retaining said knowledge and creating an environment that is conducive to learning and innovating. Within the topic of organisational structure there is also another consideration to mention and that is due to the funding structure (i.e per project) the organisation became focused on achieving deadlines and justifying costs. This issue is of the utmost importance because it forces the structure of the organisation to change and it has more than enough potential to shape the future of the company. Why then is it important that Organisational Structure is a major point of analysis in GSFC’s quest for better Knowledge Management practices? It is crucial because the way that an organisation is crafted and built lays down the channels, the avenues and the roads for change in the future. Planning the organisational structure of GSFC with best knowledge management practices...
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...11/5/13 Monarch - Book Flights Online and Buy Cheap Flight Tickets Bookings Confirmation Flight Extras Confirmation Thank you for booking your flight with Monarch. Your confirmation number is: H9FPSD Booking Date Status Total Price 05 November 2013 Confirmed £ 60.99 (GBP) This confirmation number is required when you check -in online or at the airport. Please check your flight details carefully and print this page for your records. A copy will also be sent to you by email. Flight Details Flying Out Birmingham to Rome - Fiumicino Friday, 27 Dec 13 Departing 07:00 Arriving 10:40 Flight ZB5408 It is important to arrive at the appropriate check-in desk for your Monarch Flight at least 90 minutes before the scheduled time of departure. Check-in opens 2 hours prior to departure. Information is correct at time of entry into website but may be subject to alteration without notice. Changes cannot be made to your booking after you have checked in. Offset your share of the CO2 emissions during your flight - more details [http://reporting.flymonarch.com/cgibin/rr.cgi/http://www.climatecare.org/monarch/&nourl=www.flymonarch.com/XML-Itinerary/link2/Climate-Care] Passenger Details Flying OutBirmingham to Rome - Fiumicino Mirza Khalil Ahmed Begh Adult 10kg total Flying Back to See full price breakdown [#booking-breakdown] Required Information The identification documents required for passengers on international flights are a valid passport or national identity...
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...travelocity.com , www.orbitz.com Reasons: Both websites were the easiest to book flights on and both were the cheapest flights that were available. Also on Orbitz, the travelling hours were less than 30hrs. Example: Flights on the website www.travel.travelocity.com were $1195 with the duration of 29hrs. And on www.orbitz.com the price for the tickets was $1199 with a duration time of approximately 28hr 2min. Screenshot: Screenshot of flights on www.orbitz.com Efficiency Definition: Efficiency refers to the way a product supports the users when carrying out their tasks. Website: www.kayak.com Reason: When booking a flight on this website it was very efficient for it only required the least actions to perform a task. Where I only had to use a single button to book the flight. Example: When booking the flight, there was only a single button for searching for a flight which was “Search”. So there was single buttons that wasn’t complicated and allowed me to efficiently book a flight. Screenshot: Screenshot of when entering in what flights I am looking for Screenshot allowing the user to select which flight I would rather go on. Safety Definition: This involves protecting the users from any dangerous conditions and undesirable situations. Website: www.flysaa.com Reason: This site had the best security features when I had to enter in account details for paying for the flight. When entering in sensitive information like account details, I needed to be protected...
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...TF essay A/ Write a passage 1. Airplanes and helicopters can be used to saved people’s lives. First helicopters can be used for rescuing people in trouble. Try to imagine, when you’re lost in the dense forest or in the mountaintop, airplanes and helicopters are very essential. At that time, they’re your last hope! Second, planes can transport food and supplies when disasters- earthquake, volcano, flood, etc- strike. Third, both types off aircraft can transport people to hospitals in emergencies. For example, transform suddenly, blood poisoning, cardiac infarction, etc. Finally, helicopters and airplanes can be used to provide medical services to people who live in remote areas. They haven’t full live. They are destute of many things. So, people in the cities want to collect for them. But, the transportion by cars or trains is not simple and very long. That is why people need the helping of aircraft. In summary, airplanes and helicopters are very useful to save people. 2. Studying in another country is advantageous in many ways. A student is exposed to a new culture. He or she is able to have knowledge about that country’s condition of life, festivals, etc. That student’ll be in contact with many interesting and useful things. He or she can tell his/her friends in this country about traditional culture of their country and scenic beauties,etc. That’s also a form of cultural exchange among 2 countries. Sometimes he or she can learn a new language. Learning a new...
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...rotation about both the longitudinal axis to indicate the degree of bank, and about the lateral axis to indicate pitch (nose up, level or nose down). It utilizes the rigidity characteristic of the gyro. It is gimballed to permit rotation about the lateral axis indicating pitch attitude, and about the longitudinal axis to indicate roll attitude. Once powered up, the indicator is maintain in a fixed position no matter what the aircraft attitude may be. There is also an adjustment knob used to adjust the wings up or down to align with the horizon bar. This allows adjustment to the height of the pilot. Preferably, the adjustment should be made when level on the ground. When the wings are aligned with the horizon bar, the aircraft is in level flight. If the wings are above the horizon bar, the aircraft is in a climb. Wings below the horizon bar indicates a decent. The upper blue part of the ball represents the sky. The miniature airplane wings (fixed to the case) represent the wings of the aircraft. In the past, the instrument has been referred to as "an artificial horizon". When in a left turn, the blue portion of the ball will have rolled to the right, as though you were looking at the horizon over the nose of the aircraft. In a right turn, the blue portion will have rolled to the left. The rotor, mounted in a sealed housing, spins in a horizontal plane about the vertical axis. The housing pivots about the lateral axis on a gimbal, which in turn is free to pivot about the longitudinal...
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...offer low cost flights to everyone and increasing the number of people flying versus other modes of transport. Currently rated as the third largest domestic flight company within Australia and a top five international airline by capacity offering 3000 flights per week to 56 destinations in 17 countries with a fleet of 80 aeroplanes. In the New Zealand and Trans-Tasman region Jetstar has flown over 1.8 million passengers to date, 75 million passengers in total since the companies launch in 2004 and 20 million passengers flown in the past year alone. Virgin Blue was welcomed to Australia in August 2000, operating only one route with 2 aircraft and 200 personnel. The second year seen an extra 13 routes added to the schedule followed by a further 9 routes the year after. The breakthrough year for Virgin Blue was 2004 joining the international market offering flights to New Zealand, Cook Islands, Fiji, Vanuatu and Tonga and by 2005 welcoming the companies’ 50th aircraft to the Australian fleet. Today Virgin Blue can boast partnerships with Etihad, Trans-Tasman Alliance and Delta Airlines offering many flights across many countries at both low cost and business class with now over 25 different routes domestic and internationally. Tiger Airways was launched in late 2003 and after only 5 years had welcomed their 11th millionth passenger on board the low-cost Asia Pacific Airline, Tiger openly based the low-fare airline on Europe’s Ryan Air trying to cut the cost of in flight expenses without...
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...approval of a modification of the aircraft, after an application has been made for such issue, renewal, validation or approval, as the case may be; or (b) proceed to or from a place at which any inspection, test or weighing of the aircraft is to take place for a purpose referred to in sub-paragraph (a). (3) The aircraft and its engines shall be certified as fit for flight by the holder of a licence as an aircraft maintenance engineer entitled in accordance with the provisions of the Fourth Schedule so to certify, or by a person approved by the Civil Aviation Authority for the purpose of issuing certificates under this condition. (4) The aircraft shall carry the minimum flight crew specified in any Certificate of airworthiness or validation which has previously been in force under the Regulation in respect of the aircraft, or is or has previously been in force in respect of any other aircraft of identical design. (5) The aircraft shall not carry any passenger or cargo except passengers performing duties in the aircraft in connection with the flight....
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...firefighter has an average of 5 days off per week. Close to home: There are many fire stations in NYC and many firefighters live near their fire station. Will you need any new skills: You will need to understand stand how fires work and how to rescue people. Education: Pass both the computer-based test and physical ability test, Go through firefighter 1 classes and have high school diploma. Airline Pilots: Salary: $76,000-$110,000/year Hours: Hours depend on the type of flying the pilot is doing. For example, some pilots fly out of the country that which are usually longer flights therefore more hours are worked. Close to home: The pilots are always traveling so they are not close to home. Need any new skills: They will need to know how to fly and land a plane as well as dealing with emergency situations. Education: 250 hours of flight experience for a commercial pilot's license, 1,500 hours of flight time for an airline transport pilot certificate. Also they need a college...
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...budget rivals, reporting annual profit at the top end of forecasts and returning cash to shareholders. The upbeat assessment is in contrast to that given by Ryanair, Europe's biggest budget airline, which this month cut its annual profit target for the second time in two months and admitted it needed to improve customer service. Rival airlines have been struggling with high fuel costs and weak consumer confidence, sending some smaller carriers out of business while the likes of British Airways owner IAG and Air France-KLM have cut routes, leaving gaps that low-cost airlines have been quick to exploit. Over the last three years easyJet has added flights on routes where rivals have cut back, and introduced more flights between top business destinations. It has also added flexible ticketing to allow passengers to change their flight up to two hours before scheduled departure time, and allocated seating in an attempt to steal corporate customers. EasyJet proposed a full year dividend of 33.5 pence a share, 55.6pc up on last year, and a special dividend of 44.1 pence per share, making a total payout to investors of £308m. It said forward bookings were in line with last year but that its first quarter would be impacted by tough year-on-year comparisons due to strong post-Olympics demand in the UK and travel restrictions to Egypt. However, EasyJet still expects to grow capacity, measured in seats flown, by 5pc in the coming...
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...describe Jet Green’s cost structure as follows (at least that part of Jet Green’s costs that relate to flights between Minneapolis and Atlanta). I. Costs that vary strictly with the number of passengers: Food, beverages and ticket processing $26 Fuel $20 Baggage handling $10 Total $56 per passenger II. Costs that vary strictly with the number of one-way flights Landing and takeoff fees $ 5,000 Flight crew salaries $12,000 Fuel: $2,000 + $9,600 $11,600 Baggage handling $ 5,000 Maintenance $ 6,000 Total $39,600 per flight III. Costs that vary strictly with the number of aircraft Lease of aircraft $70,000 Maintenance $10,000 Total $80,000 per aircraft per week IV. Costs that vary strictly with the number of gates Gate rental $8,000 per gate per week Abstracting from the details contained in the above tabulation, Jet Green’s cost structure can be succinctly described by the following cost equation: Total cost per week of the Minneapolis/Atlanta segment = $ (56)(number of passengers flown per week) + (39,600)(number of one-way flights per week) + (80,000)(number of aircraft leased per week) + (8,000)(number of gates rented per week) You should interpret the above cost structure as follows. If the number of flights, the number of aircraft, and the number of gates is held fixed, the costs of Jet Green will increase...
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...Air Asia Case: Q 1) Comment on business level strategy adopted by Air Asia? How has Air Asia achieved cost leadership? Answer 1) High aircraft utilization: Air Asia uses the aircraft in very high frequency and high turnover of flights; these add value to customer convenience and enable low cost. Air Asia has the fastest turnover in its region; is 25 minutes. a) Low fare no frills: Air Asia does not have frequent flyer miles program and private airport lounge. No free foods and beverages even snack in flight, additional meal and service required passenger to pay more. b) Point to point network: All Air Asia both short-haul (4 hours or less radius) and medium to long-haul are non-stop flight, by doing that; save human recourses cost, facilities cost, airport cost, etc. c) Air Asia changed all existing old aircraft Boeing B737 with Airbus A320, which has more capacity, more efficient fuel-consume and cost-efficient. d) By utilizing homogeneous aircrafts, the company is able to save human resources cost and reduce spare part stocks. These strategies have brought Air Asia as the lowest-cost airline in the world, with a cost/ASK (available seat kilometer) of US3.67. This great achievement was achieved without compromising safety. Air Asia’s highest priority is safety of all the operations. To keep the aircraft in best condition Air Asia partnered with the best maintenance provider. e) Air Asia R&D not only works on the aircraft utilization but also...
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...1. (8) Draw an Activity Diagram with Swimlane based on the following scenario. You are asked to build a paper review system for an academic conference. You have come up with the following features for the system. 1. Process the receipt of a paper. This process records the detailed information of the submitted papers. It should also send out an acknowledgement to the author. 2. Assign Reviewers. This process suggests a possible list of reviewers for a submitted paper from a database of program committee (PC) members. The program chair then clicks on the names of three reviewers as the designated reviewers of the paper. The system then sends the assigned paper to reviewers. 3. Accept Papers. This process allows reviewers to submit their reviews. The program chair reads all reviews and decides which paper to accept. The status of a paper is updated as Accepted, and the corresponding author is informed of the acceptance. 4. Publish Conference Proceeding. This process formats and publishes the accepted papers in the electronic conference proceeding. [Note for ISGB 7905: Create DFD instead.] 2. (4 + 8) Short Answers – Upstream SDLC and traceability 2.1. Briefly describe activities that take place during the planning phase of a system development project 2.2 Based on class discussion and the article Traceability from Use Cases to Test Cases from IBM.com: ▪ What is requirements traceability? Why is it important? ▪ Descript the steps in...
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...Dilpreet Sehgal COMM 120 High Plane Ticket Prices I. Intro A. Attention Getter- How many of you like traveling in long flights? B. Reason to Listen- International flights are way too expensive for the kind of service you get from them in return. C. Thesis- International plane ticket is not worth the money because it takes a whole day to get to your destination, small seats makes you pissed off, and food is just awful. II. Body A. International plane ticket is not worth the money because it takes almost a day to get to your destination. 1. I recently went to India for two and half weeks, it was pretty fun but the airlines I took to get there was just horrible. The flight is about twenty hours long and it seriously made me go nuts. 2. I really regretted paying one thousand dollars for this flight, it was just not worth the money. I honestly feel that they need to come up with better service. Transition: After taking the flight I put my luggage up and took my seat which was on the aisle. B. Small seats which you have to sit on during the whole destination really takes a lot out of you. 1. I’m pretty tall so for me to sit in those seats for 20 hours was really tough. I had two old people who were sitting next to me, they kept on distracting me which didn’t let me sleep. 2. I honestly feel that airlines should make their seats little bigger so that people can be comfortable. Only if you buy the business class ticket you get...
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