project
Instructions
- Recognize the industry characteristics- Analysis the financial statement and form an Excel data file- Measure the quality of financial statements and analysis the risk and the return- Plan the financial statement amounts into the future using Excel data file- COVID -19 effect on the growth of the industry - How the industry will be after COVID-19
Answer
BackgroundThe global airline industry is one of the sectors that thrived significantly in the past decade. These good revenue performances are as a result of the increase in the number of passengers and cargo transported using this mode of transport. Besides, the growth in the industry is attributable to the emerging new markets. Analysts predict that the air transport market will grow to reach a value of $1,336.56 Billion by 2022. The compound annual growth rate (CAGR) of the industry will be 9.9% in the forecast period (The Business Research Company, 2020). The above growth covers both passengers and cargo. One of the significant players in the industry is the Emirates Group. The business during the 2019-2020 financial period recorded AED 1.7billion in profits ($ 456 million) (Tan, 2020)...
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