Financial performance is related to the act of performing financial activity. It is the process of measuring the results of a firm's policies and operations in monetary terms. In other words, financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. This term is also used as a general measure of a firm's overall financial health over a given period of time, and can be used to compare similar firms across the same industry or to compare industries or sectors in aggregation. It refers to the act of performing financial activity. In broader sense, financial performance refers to the degree to which financial objectives being or has been accomplished. It is the process of measuring the results of a firm's policies and operations in monetary terms. It is used to measure firm's overall financial health over a given period of time and can also be used to compare similar firms across the same industry or to compare industries or sectors in aggregation. In the present paper, pre and post impact of merger and acquisition of the airline industry has been explained in a lucid style.

Keywords: Financial Analysis, Mergers, Acquisition, Performance.