Financial Condition and Bankruptcy Likelihood in Aviation on the Example of the Aeroflot Company

Faizuloyeva Nargis () and Olechowska Karolina ()
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Faizuloyeva Nargis: Student at the University of Information Technology and Management in Rzeszów, Faculty of Management, Rzeszow, Poland
Olechowska Karolina: Student at the University of Information Technology and Management in Rzeszów, Faculty of Management, Rzeszow, Poland

Financial Internet Quarterly (formerly e-Finanse), 2021, vol. 17, issue 4, 50-69

Abstract: This study analyses theoretical aspects of bankruptcy and financial analysis. Analysis of bankrupt cy diagnostics is the most important condition for successful company management since the results of economic activity depend on the availability and efficiency of the use of financial resources. The study of the institution of bankruptcy is essential for high-quality business conduct. Thus, as a practical part this study implemented analyses of financial condition and bankruptcy likelihood in aviation on the example of one of the biggest airlines – PJSC Aeroflot. Research resulted in findings confirming the instability of the company’s financial condition and downward trend on the Z index related to decrease in demand, mostly due to the pandemic of COVID-19.

Keywords: financial analysis; aviation industry; bankruptcy (search for similar items in EconPapers)
JEL-codes: G3 G33 L93 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:17:y:2021:i:4:p:50-69:n:7

DOI: 10.2478/fiqf-2021-0027

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