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Research on the Relationship Between Oil Dependence and Profitability in the Airspace of Europe

Author

Listed:
  • Olcay ÖLÇEN
  • Serdar ALNIPAK

Abstract

Air Navigation profitability is one of the key issues in civil aviation. To ensure good profitability ratios in civil aviation, the countries should focus on efficient and effective air space utilization. The European continent is known for the rareness of oil resources. This research investigates if there is a relationship between oil importing and air space utilization in European air space. While it realizes GSYIH, labour force, passenger and cargo numbers are utilized. It will close an important scientific gap regarding the features of the most profitable navigation services considering countries. According to MABAC scores, generally, as the profitability scores increase, the importing of oil and oil-related products increases. This situation is an expected result in the European Aviation System and air geography, but it is also so important finding as other variables are taken into account such as Gross Domestic Product, Labor force, and Air passenger numbers between the years 2017-2020. Countries such as Turkey, Georgia, Armenia, Estonia, Albania, Latvia and Spain are the most oil and oil-related importing countries, besides their strategic locations regarding geography and air traffic management.

Suggested Citation

  • Olcay ÖLÇEN & Serdar ALNIPAK, 2025. "Research on the Relationship Between Oil Dependence and Profitability in the Airspace of Europe," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 2.
    • Handle: RePEc:fis:journl:250204
    DOI: 10.25295/fsecon.1519830
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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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