British Airways is a major international airline headquartered in Waterside, Harmondsworth, England. The company was founded in 1974 and has since become one of the largest and most well-known airlines in the world, serving customers in over 180 countries.
In 2012, British Airways released its financial statements for the year, which showed the company's financial performance and provided insight into its operations. According to the statements, British Airways had a revenue of £9,919 million in 2012, which was an increase of 2.3% from the previous year. This revenue was generated primarily through ticket sales, cargo operations, and other related services.
One of the key financial indicators for any company is its profit margin, which reflects the percentage of revenue that is converted as profit. In 2012, British Airways had a profit margin of 4.7%, which was a decrease from the previous year's margin of 5.3%. This decrease was attributed to a number of factors, including increased fuel costs and competition in the airline industry.
British Airways also reported a net profit of £387 million in 2012, which was a decrease of 5.6% from the previous year. This decrease was also largely due to increased fuel costs and competition. Despite this decrease, the company's net profit was still relatively strong, and British Airways continued to be a financially stable and profitable company.
In terms of assets, British Airways had a total of £9,837 million in 2012, which was an increase of 3.4% from the previous year. The company's assets included a fleet of over 280 aircraft, as well as other physical assets such as terminals and maintenance facilities.
British Airways also had a strong balance sheet in 2012, with a debt-to-equity ratio of just 0.45. This ratio reflects the amount of debt the company has relative to its equity, and a low ratio is generally considered to be a good sign of financial stability.
Overall, the financial statements for British Airways in 2012 showed the company to be a financially stable and profitable enterprise, despite facing challenges such as increased fuel costs and competition in the industry. The company's strong revenue and assets, along with its low debt-to-equity ratio, indicated that it was well-positioned to continue its success in the years ahead.