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Czasopismo
2021 | 17 | nr 4 | 50--69
Tytuł artykułu

Financial Condition and Bankruptcy Likelihood in Aviation on the Example of the Aeroflot Company

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This study analyses theoretical aspects of bankruptcy and financial analysis. Analysis of bankrupt-cy diagnostics is the most important condition for successful company management since the results of economic activity depend on the availability and efficiency of the use of financial re-sources. The study of the institution of bankruptcy is essential for high-quality business conduct. Thus, as a practical part this study implemented analyses of financial condition and bankruptcy likelihood in aviation on the example of one of the biggest airlines - PJSC Aeroflot. Research re-sulted in findings confirming the instability of the company's financial condition and downward trend on the Z index related to decrease in demand, mostly due to the pandemic of COVID-19. (original abstract)
Czasopismo
Rocznik
Tom
17
Numer
Strony
50--69
Opis fizyczny
Twórcy
  • University of Information Technology and Management in Rzeszów, Poland; student
  • University of Information Technology and Management in Rzeszów, Poland; student
Bibliografia
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  • Gritta, R.D., Adrangi, B., Davalos, S., Bright, D. (2008). A Review of the History of Air Carrier Bankruptcy Forecasting and the Application of Various Models to the US Airline Industry, 1980-2005. Södertörnshögskola, 193-214.
  • Gritta, R.D., Chow, G., Davalos, S. (2003). Gauging the Financial Condition of the Major US Air Carriers. Journal of Transportation Law, Logistics and Policy, 71(1).
  • Gritta, R.D., Davalos, S., Chow, G., Wang, M. (2002). Small, US Air Carrier Financial Condition: A Back-Propagation Neural Network Approach to Forecasting Bankruptcy and Financial Stress. Journal of the Transportation Research Forum, 56(2)
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  • Khitskov, I.F., Makin, G.I., Fedorov, G.F. (2006). Ekonomika APK oblasteiassotsiatsiiTsentral'no-ChernozemnayaTsentral'nogofederal'nogookruga RF [Economics of the Agro-industrial Complex of the Regions of the Central Black Earth Association of the Central Federal District of the Russian Federation]. Voronezh: Center for the Spiritual Revival of the Black Earth Region.
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  • Lewis, K.M. (2018). Bankruptcy Basics: A Primer. Congressional Research Service. Retrieved fromhttps://fas.org/sgp/ crs/misc/R45137.pdf (Access: 28.06.2021).
  • Monden, Y. (2014). Management of Enterprise Crises in Japan. World Scientific, Vol. 10.
  • Morozova, E.Ya., Tikhonova, E.D. (2002). Economics and Organization of Social and Cultural Enterprises.
  • Risin, I.E., Treshchevsky, Yu.I. (2004). Application of K-predictive Models in the Financial Analysis of Enterprises. Economic analysis: Theory and Practice, (3).
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  • Sheremet, A.D. (2013). Methods of Financial Analysis of the Activities of Commercial Organizations. Infra-M.
  • Slabinskaya, I.A., Kravchenko, L.N. (2017). Forecasting Bankruptcy as a Method for Assessing the Economic Security of Organizations. Bulletin of the Belgorod State Technological University, (8).
  • Tolkin, J. (2010). Airline Bankruptcy: The Determining Factors Leading to an Airline's Decline. CMC Senior Theses. Paper 88.
  • Tomé, J.P.M. (2019). The Theory of Crisis and the Great Recession in Spain. Springer International Publishing.
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171657214

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