An analysis of the financial situation of British Airways Case Study

An analysis of the financial situation of British Airways - Case Study Example In the introduction part of the report, an overview about the business of the company, its evolution, organization structure etc, have been described. All the calculations performed are supported by graphical representations apart from the comments in order to give a clearer picture about the company's financial performance and management efficiency. The capital structure of the company is also discussed as part of the report.This report looks at the financial situation of British Airways Plc amidst the threats and challenges in its external environment. In doing so, this paper will utilize three different financial analysis techniques. First, the current performance of the company will be compared with its historical financial data in a trend analysis. In order to simplify the analyses, the six year period of 2001-2006 will be considered. Second, a financial ratio analysis will also be conducted in order to ascertain the profitability, working capital or efficiency, liquidity, and f inancial leverage of the company. Recognizing that the financial analysis will be maximized by more data, it uses 2005 as a comparative year for 2006. Lastly, this paper will also compare the financial data and ratios of British Airways Plc, its key competitors, and industry through a benchmarking analysis. The report concludes with the identification of the airline's financial strengths and weakness. BACKGROUND TO THE STUDY The British airline is rapidly evolving due to external environmental forces. The industry has been faced with a dismal outlook with the onset of economic downturn in the world led by the business cycle in the United States (Sorensen 2006). Furthermore, the emergence of low cost carriers in the European airline industry is a living example of how the strategic directions of business organizations are strongly affected by the changes, trends, and developments and their external environment. It is apparent that the European airline industry has progressed from being dominated by large, business class air

Western Alienation in Canadian Politics Essay Example | Topics and Well Written Essays - 3250 words

Western Alienation in Canadian Politics - Essay Example The history of western alienation dates back to the forming of the dominion of Canada and Canada confederation in the year 1867. The conservative party prime minister J. Macdonald implemented a national policy with regard to manufactured goods and trade policies. In doing this, he was responding to the high tariffs that were in the United States. The western farmers were forced to compete with international markets when trading grains (Surhone and Miriam2010, 53). This created dissatisfaction. Western provinces thought the tariffs were freight rates were discriminatory and favored the central provinces. Western Canadian politics and culture are extremely pervaded by sentiments of an asymmetrical relationship between the two central provinces and the West (Ferguson and Simon 2009, 70-74). The feeling of being exploited is not limited to westerners. Many Canadians in Atlantic Provinces feel the same alienation (Mackenzie 1984, 29). Western alienation is both a regional and political id eology in with regard to discontent. Western alienation represents a common and shared set of political beliefs. It is viewed as both intellectual articulation and cultural expression. The alienation has a recognized constituency and history. It is got representatives and hence fundamental element of the western political culture. For many years now, Western alienation has been a vital component in the Canadian political field. The emotion and attitudes behind the term can be traced back to mid 1800s. This is pre World War I period. The term western alienation is relatively recent. Many believe Canadian political system is the main cause of this phenomenon. The federal political system is dysfunctional and unrepresentative according to many western Canadians (Alberta 2000, 41). A large portion of the literature reveals western alienation revolves around political concerns. The federal political system is accused of alienating the western provinces in Canada. The alienation has cause d ongoing struggles to defend the interest of the western Canadians (Ibbitson 2012, 2). The oil discovery in the province of Alberta, in the year 1947, led to a conflict between the province and the federal government of Canada. The premier of Alberta, Lougheed, said the province should utilize the profits from oil to propel its economy. There was a threefold agenda to complete a transcontinental railway, to create a manufacturing base and to settle prairies. The manufacturing base was to be in eastern Canada. According to J. Macdonald, this would be the solution to the problem of uniting Canada both economically and geographically. In contrast, the national policy ended up becoming a source of significant western discontent. This policy left a legacy of discriminatory freight rates. To the western Canada, the policy enhanced a resource based economy that propelled the growth of financial and manufacturing sectors in the central Canada (Mackenzie 1984, 29). It should be noted the la st half of the 20th century has witnessed enormous growth and change in western Canada. The provinces of British Columbia and Alberta have been impacted tremendously. The discovery of oil in Leduc, Alberta in 1947 changed the economy of the province although it created increasing conflict with Ottawa.