Financial Analysis Of Juneyao Airlines Co. Ltd.

With the continuous development of society, people's living standards continue to improve, more and more people selected to travel by air as the main choice. In recent years, China's air transport industry, especially in the civil aviation industry has been rapid development. At the same time, business tourism charter business has been rapid development. It is JuneYao Airlines As China's shipping industry, especially the civilian shipping industry came into being and prosperity, and in the business tourism charter business doing well, especially in the airline private airline which has a typical representative. Is JuneYao Airlines really successful? What are the key factors of success? And what's the the difference between JuneYao Airlines and the four major domestic airlines? All these aspects are deserving of our analysis and research.In this paper, the main choice JuneYao Airlines annual data from 2013 to 2015 and the basis for the analysis of the material, the JuneYao Airlines data and China Southern Airlines, Air China, China Eastern and Hainan Airlines this year the four major domestic airline financial data were analyzed. In structural analysis using the analytical method of internal comparison; in trend analysis used analysis method comparison changing trends; the ratio of indicators used in the analysis of the direct comparison method; in comprehensive evaluation using the method of factor analysis; and the whole process done on the JuneYao Airlines longitudinal cross compare and contrast. This paper briefly introduces the theory of financial analysis; then JuneYao Airlines strategy was analyzed;and then through the analysis of the structure and trend of the financial statements; and then analyzed the JuneYao Airlines solvency, operating capacity, profitability, growth ability, the ability to obtain now, and the difference between JuneYao Airlines and major domestic airlines; then were traditional and modified DuPont analysis of JuneYao Airlines a comprehensive evaluation analysis, analysis the extent of the contribution of net assets of all the factors; then select a different perspective, the integration of financial and non-financial indicators, other important items JuneYao Airlines were analyzed, in order to meet the industry-recognized indicators to compare. The final study results:balance sheet structure JuneYao Airlines reasonable profits steady growth, abundant cash flow, strong liquidity, financial analysis, most indicators than the average level of the same period of major domestic airlines; Juneyao Airlines continues to expand the scale, to ensure high aircraft utilization rate based and visiting rate, reasonable arrangements for the route layout, the main operating base mode, give full play to the scale and cost advantages, to achieve maximum benefit.Finally,give specific proposals for Juneyao Airlines.