The aim of this bachelor thesis is to perform financial analysis and to outline the future development of Czech airlines j.s.c. This work is divided into two main parts, the methodical and practical part. The methodical part contains theoretical definition of financial analysis, the sources from which the data were gathered and the financial indicators which were used to compile the financial analysis. The practical part uses the knowledge gained from the first part and applies it on Czech airlines. The resulting values are commented on and some of them are compared with the other companies in this field. The conclusion of this work includes the evaluation of the whole financial situation of the company and also the outline of its future de...