| Yazarlar (2) |
Doç. Dr. Faruk DAYI
Kastamonu Üniversitesi, Türkiye |
NASRULDEEN ADAIEM
|
| Özet |
| The passenger airline transportation sector requires intensive technology and high capital investment. Since airlines do not have sufficient equity to finance their investments, they use foreign resources. They benefit from the leverage effect by using foreign resources efficiently. However, airlines that do not use resources efficiently are at risk of defaulting on debt because the increase in debt increases principal and interest payments. Airlines use foreign resources as their financing sources. Therefore, we need to evaluate their financing structures. This study focused on the data of Europe's top ten airlines for 2014-2023 to examine their financing structures and sources. The study concentrated on assets/equity, debt/equity, and the percentage of LT debt to total capital to investigate their financing sources. The result showed that the asset/equity ratio had a normal trend over the 10 years. The ratio increased in 2020 due to the pandemic. The debt/equity ratio was higher than expected. The airlines were more likely to borrow. The percentage of LT debt to total capital ratio fluctuated over the 10 years. RYAN AIR and WIZZ paid more attention to equity than others. SAS Group's longterm debt was much higher than its equity. SAS Group will have difficulty ensuring its financial sustainability. As the airline debt increases, equity share in total financing sources decreases. Therefore, your financial risk level increases. They should review their financing policies and adopt a balanced strategy when choosing between foreign and equity capital. |
| Anahtar Kelimeler |
| Airlines | corporate finance | Europe | Financial leverage | Financing structure |
| Kitap Adı | Airline Finance in the Global World |
| Bölüm(ler) | Investigating the Financing Structures of Airlines: A Sample of Europe |
| Kitap Türü | Kitap Bölümü |
| Kitap Alt Türü | Alanında uluslararası yayımlanan kitap bölümü |
| Kitap Niteliği | Scopus indeksinde taranan bilimsel kitap |
| Kitap Dili | İngilizce |
| Basım Tarihi | 01-2025 |
| ISBN | 979-8-89530-619-2 |
| Basıldığı Ülke | Amerika Birleşik Devletleri |
| Basıldığı Şehir | New York |
