Question: Create a report to recommend performance - improvement strategies that will help TransGlobal Airlines be more sustainable. Specifically, you must address the following criteria: 1
Create a report to recommend performanceimprovement strategies that will help TransGlobal Airlines be more sustainable. Specifically, you must address the following criteria:
Use the TransGlobal Airlines Information document to identify a strategic goal for the companys sustainability practices.
Based on your understanding and research about sustainability objectives and practices, where do you envision the company will be in years with respect to its sustainability measures?
IIdentify a KPI and corresponding target measures for the sustainability goal identified.
Recommend at least two performance improvement strategies that will help achieve the sustainability objectives of the company.
Support your recommendations with a clear causeandeffect rationale
Identify a strategic goal for the companys sustainability practices; determines a strategic objective the company should achieve in years
identify a KPI and corresponding target measures for the identified strategic objective
Recommend two performanceimprovement strategies to meet the sustainability objectives of the parent company
Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose
Add Citation for attributes.
TransGlobal Airlines Information Location, Size, and Age of the Firm Name: TransGlobal Airlines Home Country: USA HQ Location: Miami, FL Size: employees Age: began operations in Customer Segment and Target Market Class: global airliner with dominant US presence Market: global Destinations: destinations serving countries across six continents Market segment: first class, luxury, business class, and economy Global market share: ranked nd American is number one at US market share: ranked nd Southwest first at Retention: return customers New customer growth: annually prior to COVID Passenger kilometers: billion American is number one at billion Major Competitors All international and domestic US airlines Company Leadership Publicly held with a board, president, VP admin, CEO, CFO, COO, VP sales, division VPs subsidiaries Current Financials Annual gross revenues: $ billion Annual net income: $ billion Adjusted earnings per share of $ a increase yearoveryear Delivery of new aircraft during the year Number of aircraft in fleet, end of period: Average age of aircraft: years Domestic revenue grew in the last quarter on higher passenger unit revenue PRASM and higher capacity. Domestic premium product revenue grew and corporate revenue grew driven by strength in business and leisure demand through the holiday period. Revenue and margin improved in all domestic hubs, with revenue up in coastal hubs and in core hubs. Atlantic revenue grew in the last quarter on higher capacity and a decline in PRASM, driven almost entirely by foreign exchange rates. Latin revenue grew on a increase in unit revenue and higher capacity. This revenue improvement was driven by continued doubledigit unit revenue growth in Brazil and Mexico. Pacific revenue was down vs the prior year on a decline in unit revenue primarily due to continued softness in China. This was a point improvement vs the September quarter on improved trends in Japan. Strategic Plans and Goals The board of directors has recently approved a comprehensive plan identified as TransGlobal The plan is the result of eight months of data collection, customer focus groups, leadership retreats, and employee input. The TransGlobal vision is to lead the industry in three critically important areas: safety, excitement, and stewardship SES This SES vision has been translated into a collection of guiding principles and goal statements: SES Principles o We will always treat our customers with respect. o We will value our employees and business partners. o We will innovate to provide our customers with the most forwardthinking and exciting travel experience. o We will build lifelong relationships with our customers. o We will protect our planet. SES Goals o Safely reintroduce and promote the MAX aircraft o Expand the fleet of regional aircraft with capacities below o Upgrade the reservation and ticketing experience, including smartphone apps and integration with apps associated with lodging, ground transportation, and attractions. o Achieve top status in the Worlds Best Workplaces rankings currently not ranked in top o Reach netzero carbon footprint by o Accelerate adoption of fuelefficient aircraft and alternative fuels. o Expand use of carbon offset measures. o Improve our Airlines.com safety rating from stars to stars. o Build brand awareness and customer loyalty. o Address workplace inequities and build an inclusive culture. o Train every employee in the basics of FAAs SAS Safety Assurance System via hour webbased training. The popular aircraft has been the subject of considerable controversy and safety concerns worldwide. ASSETS in millions Current Assets Cash and cash equivalents: $ Accounts receivable: $ Fuel inventory: $ Expendable parts and supplies inventories, net: $ Prepaid and other expenses: $ Total current assets: $ Other Assets: Property and equipment: $ Operating lease rightofuse assets: $ Goodwill: $ Identifiable intangibles: $ Cash restricted for airport construction: $ Other noncurrent assets: $ Total other assets: $ Total assets: $ LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Current maturities of longterm debt: $ Finance leases: $ Current maturities of operating leases: $ Air traffic liability: $ Accounts payable: $ Accrued salaries and related benefits: $ Loyalty program deferred revenue: $ Fuel card obligation: $ Other accrued liabilities: $ Total current liabilities: $ Noncurrent Liabilities Longterm debt: $ Finance leases: $ Pension, postretirement Related benefits: $ Loyalty program deferred revenue: $ Noncurrent operating leases: $ Deferred income taxes: $ Other noncurrent liabilities: $ Total noncurrent liabilities: $ Total liabilities: $ Stockholders' equity: $ Total liabilities and stockholders equity: $ Margins Operating margin: Net profit margin: Operating cash flow margin: Debt to equity: ROE: ROA: Receivables turnover: Aircraft capacity: Current ratio: Quick ratio:
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