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Measuring Financial Performance of Airline Passenger Transport Company in European

Author

Listed:
  • FARUK DAYI

    (KASTAMONU UNIVERSITY)

  • YUSUF ESMER

    (SINOP UNIVERSITY)

Abstract

Airline passenger transport draws attention as a rapidly growing sector in the passenger transportation. In our country (in Turkey), the first in 1933, Turkish Airlines Corporation (THY) was established and today it is seen that the activity of the 10 companies in sector of airlines in Turkey. According to the results of Skytrax passenger evaluation, Turkish Airlines is award for 6 years (2011-2016) as the best airline in Europe seems worthy. In fact, the main reason behind this success can be the presence of a strong financial structure. Therefore, the main aim of this study is to evaluate the success of THY. For this reason, airline companies, which are operating a leading position in Europe, and THY is needed comparison of the results. In our study, datas that seven airline companies operating in Europe are used their financial statements including 2011-2016 periods. According to the results of analysis, Air Berlin Group and Thomas Cook Group have the highest loss in implementation. In addition, It is seen that Lufthansa and Turkish Airlines have the successful performance.

Suggested Citation

  • Faruk Dayi & Yusuf Esmer, 2017. "Measuring Financial Performance of Airline Passenger Transport Company in European," Proceedings of International Academic Conferences 5808033, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:5808033
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    References listed on IDEAS

    as
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    4. C. Richard Baker & Yuan Ding & Hervé Stolowy, 2005. "Using “Statement of Intermediate Balances” As Tool for International Financial Statement Analysis in Airline Industry," Post-Print halshs-00004729, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Civil Aviation Management; Financial Performance; Ratio Analysis;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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