DETERMINING THE PLACE IN THE RANKING BASED ON THE FINANCIAL PERFORMANCE OF THE MOST POPULAR AIRLINES IN EUROPE

Cocis Andreas-Daniel
Additional contact information
Cocis Andreas-Daniel: FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, BABEȘ-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA

Annals - Economy Series, 2021, vol. 2, 105-114

Abstract: Financial performance is a method of subjective measurement used as an alternative to measuring overall health from a financial point of view. Financial performance shows the ability of a company to generate and control its own resources. A lot of researchers use financial performance indicators to compare similar companies from the same industry in order to determine the strengths and weaknesses of a company. This article highlights the way in which airlines are appraised based on financial indicators. The purpose of the paper is to create a ranking of the largest airlines in Europe, which we will differentiate in terms of their financial performance. The sample includes 15 companies from the European airline industry, which are in the top 20 largest companies in Europe in terms of the number of passengers on board. A number of 6 financial ratios were used, these being the most used in scientific research when it comes to measuring financial performance. The analyzed period was 3 years, from 2016 to 2018. The performance indicators aggregation method was determined using the ARAS method, a method of analysis with several criteria. This method helps us optimize the values of companies with certain ideal values. The results showed that Rayanair, which had the most passengers transported during the analysis period, does not record the best financial appraisals in the sample.

Keywords: Financial performance; airlines; ranking; ARAS method (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.utgjiu.ro/revista/ec/pdf/2021-02/13_Cocis.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2021:v:2:p:105-114

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).