EasyJet 2012 Annual Report Download - page 28

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Principal risks and uncertainties
The risks and uncertainties described below are considered to have the most significant effect on easyJet’s business, financial results and
prospects. This list is not intended to be exhaustive.
easyJet carries out a detailed risk management process, to ensure that risks are identified and mitigated where possible, although many
remain outside our full control, for example adverse weather, pandemics, acts of terrorism, changes in government regulation and
macroeconomic issues. A more detailed overview of the risk management process and internal control can be found in our Corporate
Governance section on pages 47 and 48.
Strategic
impact Risk description and potential impact Current mitigation
SAFETY FIRST
Major safety incident / accident
Failure to prevent a major safety incident or deal with it effectively.
This could adversely affect our reputation, operational and
financialperformance.
Our number one priority is the safety, including security,
ofour customers andpeople. We operate a strong safety
management system through:
A Fatigue Risk Management System.
A Incident reporting.
A Safety Review Board.
A Safety Action Group.
A Management and control system for our operations
including weekly operations meetings and reporting.
A Regular review by the Board of Directors.
We have response systems in place and provide training for
crisis management; combined with full crisis management
exercises performed regularly.
Insurance is held which is believed to be in line with
otherairlines.
We constantly ensure that regulations required by relevant
Governments are enforced. Crew are trained within the
current guidelines.
Security and terrorist threat or attack
A major security related threat or attack from eitherinternal
orexternal sources occurs and we fail to deal with it effectively.
This could adversely affect our reputation, operational and
financialperformance.
Performance and risk
Financial review
continued
easyJet plc
Annual report and accounts 2012
26