The paper "Qantas Airways - Strategic Performance Appraisal" is a perfect example of a business case study. Qantas Airways Limited herein referred to as Qantas is a company limited by shares and is incorporated in Australia with its publicly traded shares on the floor of the Australian stock exchange has committed hedging in its annual accounts for the maintenance and sustainability of the corporation in the market. In the financial statement for the year 2009, the corporation has committed hedging tactics while showing the fair value of the shares, hedging as in the form of cash flow and ineffective and non-designated derivatives as in favor of the corporation.
All these techniques have helped the corporation to demonstrate an income of Australian $11774 million for the year 2009 as compared to that of $13498 million for the year 2008 with an expenditure of $11260 million for the year 2009 as compared to that of $11878 million for the year 2008 with a net profit of $484 million. The corporation is a part of the Qantas group which is consisting of Qantas which represents the Qantas passenger flying business and similar related assignments, the same is the major entity of the group with more than 70% of the total business as being executed by the group for the achievement of its mission with the utilization of available human, financial and technical resources with their optimum utilization and for making products and services as outputs with their maximum values as in favor of the group(1).
The other major business entities as are included in the group are: (a) Jet Star which represents jet star passenger flying business like Jet Star Asia having an investment in the Jet Star Pacific, (b) Qantas freight services representing the air cargo operations as are included in the freight business, (c) Qantas frequent flyer which includes frequent flyer customers as a part of a loyalty program, and (d) The Jet Set Travel world group as an investment component in the jet-set travel world group for earning profits as in favor of the corporation.
1. Sullivan, Arthur; Steven M. Schifrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 29. ISBN 0-13-063085-3.
2. Susanne G. G. Scott and Walter O. Einstein (2001. “Strategic Performance appraisal in team based organizations” pp107-116.