Using an AIRLINE for T8

@Ehsan,

Thank you very much,

The thing is if i use restated figures it will change YOY fall in operating profits into increase.

With respect to Interest bearing debt in capital employed, does it has to include short term borrowings and an overdraft?

On your reply to Chandon, you said you compared 2016 to 2015 and 2015 to 2014, not like FY-14, FY-15 and FY-16?

Obviously when comparing trends u usually compare previous years figures and analysis. Quite less often do u compare figures to those of 2 years back. So although its three year analysis like 14, 15 and 16 it will comparing 14 to 15 and 15 to 16 and also 14 to 13 to analyse the first year of analysis figures

I can see there are many doing Emirates like me here but has anyone realized that Emirates is not listed and there will be issues in calculating the shareholder ratios?

If you type Emirates share price on Google you will find the share listing details and everything but the ‘Emirates’ that is listed is basically the Emirates bank listed under the name ‘Emirates NBD PJSC’ and not the Emirates Airlines.

What do I do?!?!?! I just realized this..

https://www.bloomberg.com/quote/EMIRATES:UH

I think you can just try to focus on other categories of ratios. What matters is the variety of information available and how good is ur analysis on other ratios.
It wont be a good decision to change ur company at this point in time @chandan
And u have perfectly understandable reason of not being able to calculate investor ratios.
U can state this in ur sls actually

@trephena, Thanks a lot for the reassurance. I was panicking about that.

@ehsan, Singapore Airlines’ consolidated statements available consist of Singapore Airline, Silk Air, Tiger Air and Scoot and the latter two are budget carriers. Won’t it skew my comparison with Emirates which is a premium carrier? Is there any possibility of getting the individual statements of Singapore Air only?

Also, the revenue breakup of Emirates is based on operations such as passenger, cargo, sale of goods etc but the revenue breakup of Singapore Airlines is based on how much revenue was from which subsidiary

@ehsanshah said:
No, I chose Qantas and Virgin Australia.

For Emirates – Singapore Airline is best rival based on available information !

Period 32 Comment 8

In addition to weaknesses in some of your ratios, your business models could have been improved. You seemed to merge your SWOT into the PEST with the elements of the PEST being either Opportunities or Threats. Ideally you should use each business model independently. Also the weaknesses in the SWOT were largely dividend related, which was already covered in the ratio analysis section, consequently in your SWOT you should have introduced new material to your readers; this would have widened the scope of your analysis and improved its quality.

I seem to have done a similar thing where in addition to SWOT, in PESTEL below each factor whether it relates to political or any other factor i seem to have also mentioned opportunities/threats along with each factor. @trephena @ehsan do u guys think i shud remove those opportunities and threats considering the failure comment of someone above?

Should I show the KPIs such as Load factor and yields separately in the financial analysis or should use them for explanation of changes in profitability/revenue?

Hey guys,

@trephena @Ehsan just finishing up my report with 2016 analysis and overall conclusions. Just wanted to clarify that PART THREE the report, conclusion and recommendations together are meant to be 4500 words am I correct?

Additionally, I was trying to get a fluid layout for my report and wondered what is the best layout for this? I dont want my report to be confusing and its points should flow easily into the others such as decline in revenue from decline in load factor and increased competition etc. Currently, the layout is PESTLE (external), SWOT then company specific ratios and strategies.
M.O.S.T analysis is used as a part of conclusion, an overall look at how the airline is meeting its objectives and mission statements.
Any suggestions or tips are welcome. Thank you!

Anyone using Singapore Airlines as competitor here against Emirates?

The financial statements available online of Singapore Airlines Group in the annual reports has consolidated financial statements consisting of Singapore Air, Silk Air, Scoot and Tiger Air.

Tiger Air and Scoot are budget airlines so will it affect comparison with a all-premium airline like Emirates? I am not able to find the individual financial statements of just Singapore Air..

@trephena could you please advise as well

@ch305 said:
In relation to below.. I see many problems with Emirates… Is the time left sufficient for the analysis if I move over to another company or topic perhaps?

Still one month, it is possible if you have no other time consuming commitments.

@trephena, I need your advice on this..

If I compare Emirates with Singapore Airlines Group results, the issue is that the group consists of two subsidiary which are low cost carriers so I fear that it’ll not be a like for like comparison

If I compare Emirates with results of only Singapore Air parent company’s results then I will be missing out on comparison of cargo revenue as Singapore Airlines’ freight operations are managed by a different subsidiary, ‘SIA Cargo’.

I thought of adding SIA Cargo’s results to the results of Singapore Air and then do the analysis but only the individual P&L of SIA Cargo is available and not the balance sheet..

What do I do???

@ch305 said:
I have 2 papers to give in June along with the project.. :/

So I think switching over wouldn’t be wise now..

So I have chosen Singapore Airlines but not sure if I should compare Singapore Airlines Group with Emirates or just the Singapore Airlines parent company..

Singapore Airlines Group consists of 4 airlines out of which two are low cost

Singapore Airlines parent company is all premium but doesn’t take into account cargo.. cargo revenue is reported under separate subsidiary SIA cargo