You will be required to analyse and benchmark the economic and financial performance of the following airlines:
1. Singapore Airlines
2. Emirates
3. Southwest
Your report should not exceed 10 pages, including text, charts, tables, references, etc. The analysis should focus on the two most recent financial years:
1. Singapore Airlines – FY22/23 & FY23/24
2. Emirates – FY22/23 & FY23/24
3. Southwest – 2022 and 2023
Due date: 24 Sep 2024 by 10:55
Key performance metric calculation
For each of the airlines listed, calculate and analyse the following metrics:
a) Unit cost (per aircraft capacity)
b) Yield (per RPK and/or RTK)
c) Load factor
d) Break-even load factor
e) Employee productivity
f) Aircraft utilisation
g) EBIT margin
h) Debt-to-equity ratio
i) Current ratio
j) P/E ratio
Benchmarking analysis
Based on these calculations, you should then compare these airlines with each other and discuss why the first airline (SIA) might or might not perform. well (overall and per indicator a-f) in comparison to the other two airlines and to the region it mainly operates in. Please highlight if the first airline or any of them are in any way special when compared to the average international (IATA) passenger airline. Please also discuss (briefly) the limitations of your benchmarking approach and explain all steps that you have undertaken (formulas, basis for calculations) during the benchmarking exercise.