Effects of Fuel Prices

Effects of Fuel Prices Introduction Fuel is pivotal in the successful running of any business and especially in the transport industry like the airline industry, which is involved in massive transporting activities. There is no reasonable doubt therefore that high fuel costs have an adverse impact on the running of any organisation.Advertising We will write a custom research paper sample on Effects of Fuel Prices specifically for you for only $16.05 $11/page Learn More Fuel prices have become a challenge in the recent past because they are usually increasing at a speedy and sudden rate. Most often, much focus is placed on the effect of fuel prices on the lives of people. In such a case, people are advised on unnecessary spending by cutting down on fuel costs. Less attention however is placed on the effect of the high fuel prices on organisations, which cannot run without fuel since it facilitates almost all of the operations in any organisation. The airline industry precisely is o verly reliant on fuel and as a result is deemed to be most affected by the high fuel prices. One such airline is the Dnata Company, whose survival is hanging on a thin thread given its current financial crisis. It is very ironical that the United Arab Emirates is the fourth region across Arab high in oil production yet is ranked the third country with high oil prices. The effects of high fuel prices have crippled the prognoses of the Dnata Company as at now attributed to high operational costs in comparison to revenues obtained. Revenues obtained are almost equivalent to the fuel costs. Notwithstanding the high fuel prices, Dnata has managed to survive in business until this far even though many similar companies have collapsed along the way. It is therefore believed that it will still survive this financial ordeal that it is currently experiencing.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Most of the times when fuel prices are high, the prices imposed on customers escalate as well. However, it is interesting to note that Dnata is still experiencing financial crisis. Apparently, it seems that increasing service prices would not be an ideal remedy due to the triple whammy effect of the high fuel prices. Not only do high fuel prices slow a country’s economic growth and place financial strain on companies, they rob consumers their purchasing power. As a result, business is slow because clients cannot spend much. The situation becomes much worse if the prices are increased. It is intriguing to know that in all these years Dnata has survived in the industry despite the unstable oil prices in UAE. This study will therefore seek to investigate the past performance of Dnata in spite of rapidly increasing fuel prices and compare this past trend with the current situation. Background Dnata is ranked the fourth largest airline company globally th at provides a range of services as shown below. The company handles an estimate of 250 airlines and is operational in 39 countries. It is the number one largest company in as far as travel-management services are concerned. Dnata fulfils the following obligations: catering, provision of cargo, ground handling, sale of air tickets as an agent of other airlines, and information technology services. Dnata was founded in 1959 and merely begun as a small ground handling shop with only two staff members compared with the current 20,000 employees in five continents. It has gradually grown through the years.Advertising We will write a custom research paper sample on Effects of Fuel Prices specifically for you for only $16.05 $11/page Learn More It has been overcoming the hurdles that emerge along the way until the very recent financial crisis, which has been linked to escalating fuel prices. It later expanded in 1970 when it started selling airline tickets. The car go division was formed in 1973 and experienced a boom in 1979. Starting this time, the cargo enjoyed an annual growth of more than 50%. The ticketing division was equally booming such that a new airline centre was opened in 1981 and during this time, it became the largest ticketing operation. A decade later, the 150,000 meter squared Dubai Cargo operation was opened and another decade later (2002), agreements with different carriers were designed and effected. After five years, a joint venture between Toll Holdings and Toll Dnata Airport Services based in Australia was established. This gave Dnata Company an upper lead because this joint venture became the sole ground handling company in Australia. As a company that embraces technology for efficiency, a community-based B2B B2C portal was launched in 2008 to facilitate transactions and thereby serve a wider clientele. Later on in the same year, Dnata opened the DXB terminal 3 to allow the airline to handle baggage for 17,000 passeng ers at a given point in time. Other than the historic transformation into the largest airline company, Dnata Company was able to acquire other small companies. In the year 2009, Dnata acquired Plane Handling Limited, a company that offered ground and cargo handling services at London Heathrow Airport and Manchester Airport respectively. In 2010, the Alpha Flight Group Limited was acquired. The company operated in 11 countries and was a leading in-flight catering company across the globe. It is therefore obvious that Dnata has steadily grown in the past without difficultly.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This makes this study even more enthralling as one tries to figure out what could have gone wrong because it seems that the issue of fuel prices in UAE has been prevalent for a long time due to importation of gasoline. It is evident that Dnata Company has had a solid and professional administrative unit that has steered the success of Dnata. This is attributed to the fact that it has been able to soar up in the past regardless of the many challenges that forced other similar companies to face out. In addition, as an organisation that is entirely driven by quality, it seeks to ensure that each area is continually evolving to meet the changing demands and preferences of clients. As a company that has various transport and carrier responsibilities, it is likely to consume a lot of fuel in a day. Hence, the unstable oil prices are a great injustice to the company, which is very fundamental to the economy of UAE and in the airline industry in general. During the period 2011 and 2012, Dna ta was documented as enjoying its peak in profits despite increasing operation costs. Worth noting is that the profit derived during this time was obtained from in-flight catering, airport operations and Dnata cargo handling in that order. The fact that ground handling is not documented could mean that fuel prices compared to revenue could have resulted in a negative balance. However, all this can be confirmed by carrying out this study that will examine the different departments and each department’s performance all along. It is only then that an association between fuel prices and the financial crisis being experienced by Dnata will be scientifically proven. Problem Statement The sole purpose of any organisation is to make profit. Dnata is a private airline company and therefore its objectives could not be far-fetched from this. The company has done what is within its jurisdiction in as far as provision of quality services to its clients is concerned. This is supported by t he fact that Dnata adopts latest technology that is efficient and effective. Maintaining a stable clientele base is very important for any business to thrive hence the reason why Dnata offers quality services to meet the needs of its customers. In the recent past however, the looming fuel prices have not favoured the company at all. Dnata company is currently in a financial crisis with its revenue barely enough to meet its operational costs. It is very enthralling to investigate the effects of the high fuel prices on this company that has continued to survive in the past.

2015-2016 ACT Test Dates

2015-2016 ACT Test Dates SAT / ACT Prep Online Guides and Tips Are wondering about when the ACT had its test dates during the 2015-2016 academic year? Maybe you need to confirm the date you took the you're just curious, or perhaps you want to know whenACT, Inc. will holdfuture tests. In this article, I’ll give you the ACT test dates for 2015-2016 and explain the factors to think about when selecting your test date. ACT Test Dates for 2015-2016 Check out the test dates, registration deadlines, and multiple choice score release dates for 2015-2016. Though the exact dates vary every year, this basic schedule, with dates in September, October, December, February, April, and June, remains the same. Test Date Deadline Late Deadline Score Release* Sept 12, 2015 Aug 7, 2015 Aug 21, 2015 Sept 22-Nov 6, 2015 Oct 24, 2015 Sept 18, 2015 Oct 2, 2015 Nov 10-Dec 28, 2015 Dec 12, 2015 Nov 6, 2015 Nov 20, 2015 Dec 22, 2105-Feb 6, 2016 Feb 6, 2016** Jan 8, 2016 Jan 15, 2016 Feb 17-Apr 1, 2016 Apr 9, 2016 Mar 4, 2016 Mar 18, 2016 Apr 19-Jun 3, 2016 Jun , 2016 May 6, 2016 May 20, 2016 Jun 21-Aug 5, 2016 *= Refers to the period in which multiple choice scores were released. Normally, you'll get your writing scores about two weeks after you receive your multiple choice scores. **= No February dates were scheduled in New York. How to Choose Your Test Date Now that you have an idea of when the ACT offers testing, here are some of the major factors to consider when picking your ACT test date: Know Your Deadlines! The most important thing to remember is to take your ACT before any deadlines. If you apply regular decision, the December test in your senior year will be the last test you can take for most colleges. If you apply early, the last test you can take may be in October or November of your senior year. Additionally, there are scholarship deadlines. If you want to obtain any scholarships that consider your ACT score, you may need to take your ACT before the scholarship application deadline. How Many Times Do You Want to Take the ACT? Most students improve their scores when they retake the ACT, and you should allow yourself an opportunity to take the test multiple times. Generally, we recommend taking the ACT for the first time in the fall of your junior year. Then you can retake it in the spring of your junior year and the fall of your senior year if necessary. How Long Do You Plan to Study? When picking your test date, make sure you have enough time to prepare. Get an idea of how long you’ll need to study and ensure you’ll be able to sufficiently study before you take the test. If you take both the April and June tests without doing any additional preparation in between, your score probably won’t improve much. Do You Have Conflicts With Any Test Dates? Check to see if you have any potential conflicts on or around any of the ACT test dates. Maybe the February date is on the same day as your big wrestling tournament. Perhaps you want to avoid the June test date because you’ll be spending most of your waking hours studying for finals. It may be difficult to find a time when you can fully devote yourself to the ACT, but you should try to choose the best test dates for you. What's Next? If you're studying for the SAT for 2016-2017, check out our review for the new edition of The Real ACT Prep Guide. Are you worried about balancing your test prep with school? Get some expert tips for how to successfully prepare for the ACT without sacrificing the quality of your schoolwork. Finally, check out our ultimate guide to ACT prep for study guides, strategies, and practice tests. Want to improve your ACT score by 4+ points? Download our free guide to the top 5 strategies you need in your prep to improve your ACT score dramatically. Have friends who also need help with test prep? Share this article! Tweet Justin Berkman About the Author Justin has extensive experience teaching SAT prep and guiding high school students through the college admissions and selection process. He is firmly committed to improving equity in education and helping students to reach their educational goals. Justin received an athletic scholarship for gymnastics at Stanford University and graduated with a BA in American Studies. Get Free Guides to Boost Your SAT/ACT Get FREE EXCLUSIVE insider tips on how to ACE THE SAT/ACT. 100% Privacy. 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