Task: You are provided with the Annual Report of Spirit Airlines for 2019 and 20
You are provided with the Annual Report of Spirit Airlines for 2019 and 2020 (this is also available on the Spirit Airlines website).
For this assignment you are required to assess the impact of Covid-19 on the financial performance of Spirit Airlines relative to another airline (of your choice) through calculating financial performance indicators (e.g. financial ratios), comparing the results, and commenting on them (for 2019 and 2020).
Therefore, you are also required to select another airline to compare with Spirit Airlines. You should compare financial indicators of Spirit Airlines with the other airline, providing a detailed discussion of financial performance of Spirit Airlines relative to the other airline for 2019 and 2020. You should choose at least five financial indicators.
Furthermore, you are required to evaluate Spirit Airlines’ financial performance in early 2021 and discuss any signs of change (e.g. improvement) in the financial indicators as the air transport industry starts to recover from the impacts of Covid-19.
You should produce a concise report that should not exceed 2,500 words. The report should be assembled as follows: an executive summary; list of contents (e.g. 1.0 Introduction; etc); main body of the report; conclusion; followed by a list of references.