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FLY THE GOOD TIMES BYADITYA VARSHNEYA ASIF PASHA PROTIP SINHA SHRISHTI AGARWAL SAMEER YOGI AMARNATH KESHRI
INTRODUCTION
Founded - 2003 Commenced operations - 9 May 2005 Alliance- One world (2012) Company slogan - Fly The Good Times Parent company - United Breweries Group Key people - Vijay Mallya (CMD) Sanjay Aggarwal (CEO) Hitesh Patel (EVP)
Website - flykingfisher.com Services - Airline catering & foodservice, aircraft ground handling and passenger transport
Since inception, Kingfisher Airlines is yet to post profit on annual & total cost basis..
# From To Months Total Income Cost Net Profit
01
Apr-05
Jun-06
15
1,352
1,689
-337
02 03
Jul-06 Jul-07
Jun-07 Mar-08
12 09
2,142 1,546
2,562 1,734
-420 -188
04
Apr-08
Mar-09
12
5,577
7,186
-1,609
05
Apr-09
Mar-10
12
5,271
6,918
-1,647
06
07 Total
Apr-10
Apr-11
Mar-11
Sep-11
12
06 78
6,496
3,410 25,793
7,523
4,142 31,754
-1,027
-732 -5,960
PROBLEMS!!!
Delayed salary of employees Fuel (ATF) Dues aviation turbine fuel Airports Authority of India (AAI) default Aircraft lease rental default Income tax default In a nutshell, Kingfisher in troubled waters The airline has lost the confidence of its bankers, customers, passengers, vendors, airport authorities, oil companies and the public. Oil companies are refusing to supply fuel to the airlines. Airport authorities are refusing permission to the airlines. Bankers are refusing to extend any credit to the airline.
SWOT ANALYSIS
STRENGHTS Strong brand value and reputation Quality of service Continuous innovations
WEAKNESS Still not in profit organization High ticket pricing Tough competition
CONTD
OPPORTUNITIES Expanding tourism packages International market Non-penetrated domestic market
Solutions
Reduce personal costs by replacing high costs expect(frails) Reduce the engineering costs. Implementing fuel monitoring system. (reduction in fuel consumption)
Invest revenues from other profit ventures i.e. liquor, sports etc.