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FUEL COST AND EFFICIENCY ESTIMATE IN AIRLINE COMPANIES: AN APPLICATION ON ASIA-PACIFIC COMPANIES  
Yazarlar
Prof. Dr. Tolga ULUSOY
Kastamonu Üniversitesi, Türkiye
Özet
There are three important cost items in the airline passenger transport sector: Fuel cost, labour cost and operational costs. It is possible for the management of the company to reduce the labour cost with the policies and strategies it has set. The purchase of an airplane with high fixed costs is closely related to the equity and borrowing ability of the companies. Another important cost factor for airline companies is fuel costs. As fuel prices are determined in global markets, it is not possible for airline companies to intervene in prices. As fuel costs increase, net profit decreases as long as sales revenues remain the same. Firms need to be efficient in their fuel costs in order to compete. This study was performed to evaluate the efficiencies of airline firms taking into consideration the fuel cost. Data Envelopment Analysis was carried out with the purpose of evaluating the efficiencies of 15 airline companies operating in the Asia-Pacific region using data for 2010-2016. In the second part of the application, the Classification Tree from data mining techniques was used to determine the efficiency levels of the companies and the factors being effective on their financial performances by using their financial ratios.
Anahtar Kelimeler
Makale Türü Özgün Makale
Makale Alt Türü Uluslararası alan indekslerindeki dergilerde yayımlanan tam makale
Dergi Adı Finansal Araştırmalar ve Çalışmalar Dergisi
Dergi Tarandığı Indeksler
Makale Dili İngilizce
Basım Tarihi 07-2020
Cilt No 12
Sayı 23
Sayfalar 383 / 398
Doi Numarası 10.14784/marufacd.785915
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
FUEL COST AND EFFICIENCY ESTIMATE IN AIRLINE COMPANIES: AN APPLICATION ON ASIA-PACIFIC COMPANIES

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