Assessment For The Financial Accounting Essay Example | Topics and Well Written Essays - 5500 words

Assessment For The Financial Accounting - Essay Example Info: EasyJet Plc along with its subsidiaries ‘EasyJet Airline Company Limited' and ‘EasyJet Switzerland', is the second largest low-cost carrier within all of Europe. Formed only in 1995, that makes it much younger than most of its direct competitors; yet the company has been able to make a great name for itself in a very short duration of time (EasyJet Plc, 2010). Following are some achievements of the company (EasyJet Plc., 2011): Info: EasyJet Plc along with its subsidiaries ‘EasyJet Airline Company Limited' and ‘EasyJet Switzerland', is the second largest low-cost carrier within all of Europe. Formed only in 1995, that makes it much younger than most of its direct competitors, yet the company has been able to make a great name for itself in a very short duration of time. Following are some achievements of the company (EasyJet Plc., 2011):   48.8 million passengers flew by EasyJet in 2010 (out of 56 million flight seats).   The fleet of 196 aircraft   509 routes   Was amongst the very first companies to start e-commerce, they started selling online seats in 1997. As of today, easyjet.com remains "UK's most visited airline website".   Gargantuan revenues worth  £ 2,973.10 million. (Moneycentral; Thomson Reuters, 2011)The aforementioned figures are absolutely remarkable, especially considering the fact that this was a very bad year for airline carriers to the UK as the Eyjafjalla volcano in Iceland erupted and many flights were canceled during April-May (2010);... mpany Backgrounds EasyJet plc Company 1: EasyJet Plc Industry: Airline Info: EasyJet Plc along with its subsidiaries ‘EasyJet Airline Company Limited’ and ‘EasyJet Switzerland’, is the second largest low cost carrier within all of Europe. Formed only in 1995, that makes it much younger than most of its direct competitors; yet the company has been able to make a great name for itself in a very short duration of time (EasyJet Plc, 2010). Following are some achievements of the company (EasyJet Plc., 2011): 48.8 million passengers flew by EasyJet in 2010 (out of 56 million flight seats). Fleet of 196 aircrafts 509 routes Was amongst the very first companies to start e-commerce, they started selling online seats in 1997. As of today, easyjet.com remains â€Å"UKs most visited airline website† (EasyJet Plc., 2011, pp.6-8). Gargantuan revenues worth ? 2,973.10 million. (Moneycentral; Thomson Reuters, 2011) The aforementioned figures are absolutely remarkable , especially considering the fact that this was a very bad year for airline carriers within UK as the Eyjafjalla volcano of Iceland erupted and many flights were cancelled during April-May (2010); EasyJet executives place the estimate of damage and loss to be around ? 30 million. And then there was the air traffic control strike, which significantly affected the profits by increasing the overheads and costs. (EasyJet Plc., 2011, p.17) And even after such incidents, EasyJet managed to bring about an increase in its YoY net and gross profits, whilst increasing the revenues slightly. Tullow Oil Plc Company 2: Tullow Oil Plc Industry: Oil or Gas Exploration / Production Info: For a company with such a humble beginning, the progress that Tullow Oil has made from its inception in 1985 is nothing short of a miracle.