2. AGENDA
1.Introduction
- Description of easyJet/Flybe/Jet2.com
2. Comparison of Balance sheets
3. Comparison of Income Statement
4. Comparison of Cash Flow
5. Comparison of Financial Ratio
6. Suggestion
7. Conclusion
5. Europe’s second largest low-cost carrier
22-year-old British short-haul airline
Primary airports, routes and slots
“Making flying as affordable as a pair of jeans”
Flying to 735 routes to 136 airports, 31 counties
A fleet of 241 aircraft carrying 68m passengers in 2015
6. FLYBE
• founded in 1979
• based in Exeter (UK)/ the largest independent regional
airline in Europe.
• Jersey European Airways British European Flybe
• 89 destinations in 15 countries (more UK domestic flights)
7. • main product - Cheap flights
• Other service – Booking.com/car rental
• 74 airplanes (booked 20 new airplanes)
• The Best Short-Haul Airline (2016 Business Travel Awards)
• The second safest LCC of the world (AirlineRatings.com)
FLYBE
• 2,262 employees
• Target group – Middle class/ Low income group
• main market - domestic market
(owns 25-28% of UK domestic market since 2011)
• averagely 7 million passengers a year
• Competition- Easy Jet, Ba Cityflyer, Jet2.com
8. JET2.COM
History: around 30 years
The main products of this company is
Flight booking
Holiday trips
City breaks
Insurance services
Rental Car
Information about destination
58 destinations across Europe
Spain , Netherlands , U.K, Denmark, Germany and etc
expending their leisure travel business by more concentrating on airline market
and tour operator
making money from Airline, Consultancy, Holiday packages , city breaks , beach
holidays
9. 2. COMPARISON OF BALANCE SHEETS
EASY JET
2- 1 COMPARISON OF ASSET/LIABILITIES/EQUITY
CA =26%
NCA = 74%
CL = 36 %
NCL = 17 %
E = 47 %
2015
CA =28%
NCA = 72%
CL = 32 %
NCL = 20 %
E = 48%
CA =33%
NCA = 67%
CL = 31 %
NCL = 23 %
E = 46 %
CA =31%
NCA = 69%
CL = 29 %
NCL = 29 %
E = 42 %
CA =39%
NCA = 61%
CL = 26 %
NCL = 36 %
E = 38 %
2014 2013
2012 2011
10. FLYBE
CA =55%
NCA = 45%
CL = 46 %
NCL = 29 %
E = 25 %
2015
CA =56%
NCA = 44%
CL = 39 %
NCL = 26 %
E = 35%
CA =39%
NCA = 61%
CL = 51 %
NCL = 37 %
E = 12 %
CA =41%
NCA = 59%
CL = 48 %
NCL = 30 %
E = 22 %
CA =52%
NCA = 48%
CL = 47 %
NCL = 27 %
E = 26 %
2014 2013
2012 2011
11. JET2.COM
CA =70%
NCA = 30%
CL = 79 %
E = 16 %
NCL = 5 %
2015
CA =65%
NCA = 35%
CL = 74 %
E = 21%
CA =63%
NCA = 37%
CL = 68 %
E = 25 %
NCL = 7 %
CA =45%
NCA = 55%
CL = 61 %
E = 29 %
NCL = 10 %
CA =47%
NCA = 53%
CL = 57 %
NCL = 11 %
E = 31 %
2014 2013
2012 2011
NCL = 5 %
12. EASY JET FLYBE JET2.COM
2014
2015
CA =26%
NCA = 74%
CL = 36 %
NCL = 17 %
E = 47 %
CA =28%
NCA = 72%
CL = 32 %
NCL = 20 %
E = 48%
CA =56%
NCA = 44%
CL = 39 %
NCL = 26 %
E = 35%
CA =55%
NCA = 45%
CL = 46 %
NCL = 29 %
E = 25 %
CA =70%
NCA = 30%
CL = 79 %
E = 16 %
NCL = 5 %
CA =65%
NCA = 35%
CL = 74 %
E = 21%
NCL = 5 %
26. • Boost customer royalty program (74%
returning guests)
• Strengthen digital platform
• Maintain cost advantage
• Expand new bases such as Hamburg and
Amsterdam.
• Improve revenue from non-seat
6. SUGGESTION FOR
27. 6. SUGGESTION FOR
• Maintain the current market share
• Explore new destinations
• More capacities to make profit
• try to add more revenue in other activities
(not only revenue from tickets)
28. 6. SUGGESTION FOR
• Develop their existing partnership and new partnership as well
with other travel agencies
• Need to deliver charter flights to passenger for large range of
their customers
• Must offer logistics solution all over nation’s network of
distribution outlet.
• Must offer full picking , national distribution of products that is
controlled by products and storage facilities.
29. 6. CONCLUSION FOR
EASYJET, FLYBE AND JET2.COM
• Three low cost carriers share different
financial statements.
- easyJet: strong balance sheet and income
statement.
- Flybe: leads domestic market, but with
financial risk (low equity).
- Jet2.com: expand product lines; however,
less profit
