Saturday, 22 February 2014

EL AL ISRAEL AIRLINES

COMPANY BACKGROUND

  • As the name suggested, El Al Israel is a national airline for Israel formed in 1948. 
  • It owns 36 passenger aircrafts and 1 cargo plane.
  • It employs approximately 6,000 people.
  • It is listed in Tel Aviv Stock Exchange with a market capitalization of almost 300,000 NIS thousands or about US86 million dollars. (NIS is abbreviated for New Israel Shekel - Israeli currency)

FINANCIAL INFORMATION

  • Airlines industry has been the hardest hit since global financial crisis in 2008 and most airlines are struggling to generate net profit.
  • El Al's revenues over the past 3 financial years are steadily at USD 2 billion. However, its net loss is USD 20m and USD 50m in 2012 and 2011, respectively


ABOUT ME

I am Quoc Thanh Tu. I can be called by my middle name Thanh as it's easier to say than my first name.
I have recently moved down to Melbourne from Brisbane with a desire to start a career in property, either property developer or property valuation. That's the reason I am doing the course Bachelor of PROPERTY at Central QUEENSLAND University in MELBOURNE campus. Getting confused yet?

You could say that ever since my first flight to emigrate to Australia from Vietnam few years ago, I have been fascinated by aviation, especially El Al Airlines. Nah, just kidding. El Al Airlines is a company I have been assigned to do a thorough research on, particularly in the area of accounting. The aim is to develop our understanding in whether and how accounting can help us engage with the economic and business realities of this firm. Well, you just have to follow my blog for the next few months before I can give you an answer.

In my free time, I like to play golf. Why do I like golf? Well, it is the only sports that I can exercise, keep fit and at the same time, drink beer and have social smoke with friends. Keep fit and have fun. Awesome isn't it? Have a look at my golf tournament which I organised couple of years ago.


video

GOLF TOURNAMENT (it's 8 mins long, so there is a prize for the first person who can spot me in the video :))

I love to hear from all of you. If you have any questions, comments or if you would simply like to know more about me, write a comment below.

Bye for now!!