Communications - Scientific Letters of the University of Zilina 2019, 21(1):3-8 | DOI: 10.26552/com.C.2019.1.3-8

Proposal of the Functional System for the Airline Companies Financial Situation Assessment

Ondrej Stopka1, Ladislav Bartuska1, Jacek Caban2, Larisa M. Kapustina3
1 Department of Transport and Logistics, Faculty of Technology, Institute of Technology and Business in Ceske Budejovice, Czech Republic
2 Faculty of Production Engineering, University of Life Science in Lublin, Poland
3 Ural State University of Economics, Yekaterinburg, Russia

This paper presents the draft methodology to be applied for evaluating the financial health of airlines. In the introductory part, specific attributes, regarding the individual types of airlines, are described. Subsequent parts of the manuscript outline advantages and disadvantages to measure airlines performance when implementing financial indicators, as well as a general procedure to evaluate the financial situation of a company operating in the aviation industry. The most important part of the paper includes the proposal of the specific functional system to evaluate the economic performance of airlines. Financial evaluation itself (evaluation of financial indicators of the enterprise's economic performance) is performed through a particular case study when comparing several existing airlines.

Keywords: financial assessment; airlines; financial analysis; financial situation; economic performance

Received: December 13, 2018; Accepted: January 18, 2019; Published: February 20, 2019  Show citation

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Stopka, O., Bartuska, L., Caban, J., & Kapustina, L.M. (2019). Proposal of the Functional System for the Airline Companies Financial Situation Assessment. Communications - Scientific Letters of the University of Zilina, 21(1), 3-8. doi: 10.26552/com.C.2019.1.3-8
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