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Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()

This study tries to find the contribution of the fleet standardization index of airline companies through the financial values of airlines in the COVID-19 pandemic crisis. One of the driving forces of this research is the stagnation in the aviation industry, along with the cessation of all internati...

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Autores principales: Atay, Metehan, Eroğlu, Yunus, Ulusam Seckiner, Serap
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier B.V. on behalf of Association of European Operational Research Societies (EURO). 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9304038/
http://dx.doi.org/10.1016/j.ejtl.2022.100088
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author Atay, Metehan
Eroğlu, Yunus
Ulusam Seckiner, Serap
author_facet Atay, Metehan
Eroğlu, Yunus
Ulusam Seckiner, Serap
author_sort Atay, Metehan
collection PubMed
description This study tries to find the contribution of the fleet standardization index of airline companies through the financial values of airlines in the COVID-19 pandemic crisis. One of the driving forces of this research is the stagnation in the aviation industry, along with the cessation of all international flights to prevent worse pandemic conditions. The main contribution of the study is clarifying the effect of fleet variety and its financial inferences about fleet standardization and crisis management relationship under inoperative service considerations. Data Envelopment Analysis (DEA) is used as a complementary method for standardization index calculations. According to the results, while the positive contribution of the fleet standardization index to operational revenues was observed, there was no sign of the effects of fleet standardization on the accounting performance of companies. Besides, fleet standardization enabled us to measure the response of Low-Cost Carrier (LCC) and Full-Service Carrier (FSC) airlines in crises. In this study, nine airline companies were selected from both trend representatives, and the results were presented for the U.S. It is found that fleet standardization is related to the adopted flight network type and profitability of each company directly. Results obtained revealed the relationship between fleet standardization and financial relations under inoperative conditions positively. In addition, inferences were made about the effects of the operational policies adopted by the companies.
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spelling pubmed-93040382022-07-22 Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?() Atay, Metehan Eroğlu, Yunus Ulusam Seckiner, Serap EURO Journal on Transportation and Logistics Article This study tries to find the contribution of the fleet standardization index of airline companies through the financial values of airlines in the COVID-19 pandemic crisis. One of the driving forces of this research is the stagnation in the aviation industry, along with the cessation of all international flights to prevent worse pandemic conditions. The main contribution of the study is clarifying the effect of fleet variety and its financial inferences about fleet standardization and crisis management relationship under inoperative service considerations. Data Envelopment Analysis (DEA) is used as a complementary method for standardization index calculations. According to the results, while the positive contribution of the fleet standardization index to operational revenues was observed, there was no sign of the effects of fleet standardization on the accounting performance of companies. Besides, fleet standardization enabled us to measure the response of Low-Cost Carrier (LCC) and Full-Service Carrier (FSC) airlines in crises. In this study, nine airline companies were selected from both trend representatives, and the results were presented for the U.S. It is found that fleet standardization is related to the adopted flight network type and profitability of each company directly. Results obtained revealed the relationship between fleet standardization and financial relations under inoperative conditions positively. In addition, inferences were made about the effects of the operational policies adopted by the companies. The Authors. Published by Elsevier B.V. on behalf of Association of European Operational Research Societies (EURO). 2022 2022-07-22 /pmc/articles/PMC9304038/ http://dx.doi.org/10.1016/j.ejtl.2022.100088 Text en © 2022 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Atay, Metehan
Eroğlu, Yunus
Ulusam Seckiner, Serap
Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title_full Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title_fullStr Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title_full_unstemmed Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title_short Does fleet standardization matter on profitability and financial policy response of airlines during COVID-19 pandemics in the U.S?()
title_sort does fleet standardization matter on profitability and financial policy response of airlines during covid-19 pandemics in the u.s?()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9304038/
http://dx.doi.org/10.1016/j.ejtl.2022.100088
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