IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2021v2p105-114.html
   My bibliography  Save this article

Determining The Place In The Ranking Based On The Financial Performance Of The Most Popular Airlines In Europe

Author

Listed:
  • COCIS ANDREAS-DANIEL

    (FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, BABEȘ-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA)

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.

Suggested Citation

  • Cocis Andreas-Daniel, 2021. "Determining The Place In The Ranking Based On The Financial Performance Of The Most Popular Airlines In Europe," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 105-114, April.
    • Handle: RePEc:cbu:jrnlec:y:2021:v:2:p:105-114
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2021-02/13_Cocis.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2021:v:2:p:105-114. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.