The paper 'Brief Description of Industry and Easy Jet' is a great example of a Management Assignment. The success of a business is largely dependent on the manner in which they are able to grow and financial statement provides good information about it. Merely looking at the financial figures doesn’ t provide any information but interpreting the same helps to understand it better. It helps to understand the manner in which the business has progressed, the future prospect, the sources of financing, and so on. This report looks towards making a financial comparison of Easy Jet and Ryanair Holding for 2015 and 2014 so that the performance of both the companies can be gauged.
The report also provides a description of the industry, the business, and the different sources of financing which was used by Easy Jet. The report will thereby help to understand the different core areas in which both the organization needs to be stressful so that the future financial performance can be improved. This will also help investors to make useful decisions about investing in the business and would help to analyze the risk and return associated with their investments. Brief Description of Industry and Easy JetEasy Jet is a low-cost airline operating in the airline segment in Britain.
The organization is listed on the London Stock Exchange and has both domestic and international services for its customers. Based on the service model which the business has adopted since it came into operation in 1995 the business has increased to a fleet of over 200 aircraft. The airline operates on over 700 routes in 32 different countries. The airline operates in the service sector where customer satisfaction is a priority and the business looks at having different mechanisms through which customer satisfaction can be enhanced.
The main source of revenue for the business is by transporting people from one place to another whereas the secondary source of income is from transporting goods from one place to another. On average Easy Jet transports over 65 million passengers which have contributed towards improving their bottom line. Since it flies to 32 different countries and over 134 destinations it has been able to meet the different needs of customers at a lower price.
Easy Jet relies on providing quality service to its customer so that they become loyal to the organization. This has helped Easy Jet to have a pool of loyal customers. Being a low-cost provider has enabled them to attract people from all segments of society and has contributed towards improving their bottom lines.
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