ACCOUNTING ANALYSIS

International Accounting Analysis

TABLE OF CONTENTS

Introduction3

Background of the Companies3

Background of Qantas Airline3

Country of Origion4

Number of Employees4

Destination worldwide4

Share price during last 5 years4

Profit5

Revenue5

Safety Rankings5

Background of Lufthansa Airline6

Country of Origion7

Number of Employees7

Destination worldwide7

Revenue8

Number of company they owned8

Safety Rankings8

Table # 1Financial Performance8

Industry Overview9

Differences between Lufthansa and Qantas airline for the investors11

Markets13

Today's Vision14

Financial Performance15

Table of key difference points17

Conclusion17

References19

International Accounting Assignment

Introduction

Our company name will be “The Research Group” (TRG). The core business of our company is to help our customer in the making of investment decisions. We will analyse different companies from all over the world regarding their financials, business, industry in which they are operating. We will also make research reports on the request of our customers. The head office of our company is located in the Porsche business area in Sydney, Australia. The available contacts of the company are phone number 006112347596, mobile number 0061470051267.

In this assignment, we will compare two companies from an airline industry on the request of one of our customer. The two companies that we choose, one is the domestic airline of the Australia i.e. Qantas Airways, and the other one is the international airline i.e. Lufthansa Airline from Germany.

Background of the Companies

There are two airline companies selected for this paper. In this paper we are analysing some of the major aspect of these companies and effort to differentiate them on the basis of different criterion. Qantas Airline and Lufthansa airline are taken for this assignment.

Background of Qantas Airline

Recent financial crises have enveloped a number of changes in the airline industry. Many of the Airliners have quit in this financial crises but some of them bear the potential to taste this crises and come up with a new identity Airliners Qantas Air holds a significant position due to its operations and service quality (Fojt, 2006). According to Qantas they are in a strong position to address the challenges and realise the opportunities - but we must take decisive action, as we have throughout our history. Safety is always the Qantas group's first priority we invest $1.5 billion in aircraft maintenance each year and reserve an extensive fund for the safety issues.

As a global industry, aviation is more exposed than almost any other sector to unpredictable shocks business resilience responding to shocks and crisis, natural disasters, political instability and global economic volatility all have an impact on industry performance and profitability. The Qantas Group builds business resilience and crisis management into strategic planning, enabling us to respond and recover quickly and effectively when the unexpected happens. Australia is located within the fastest growing economic zone in the world new realities, new opportunities - the growth of Asia if it is to grow and thrive - and continue driving economic activity in Australia - the Qantas Group must capitalise on the opportunities Asia presents (Annual report of Lufthansa. 2011, pp. 21 - 28)

Country of Origin

Qantas Airline - Australia

Number of Employees

Qantas employ 35,700 people with 93 per cent of them based within ...