Financial Performance Analysis Using the Merec-Based Cobra Method: An Application to Traditional and Low-Cost Airlines

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dc.contributor.authorAsker, Veysi
dc.date.accessioned2025-02-22T14:08:41Z
dc.date.available2025-02-22T14:08:41Z
dc.date.issued2024
dc.departmentDicle Üniversitesien_US
dc.description.abstractThe aim of this study is to examine the impact of the COVID-19 pandemic on the financial performance of traditional and low-cost airlines. In this context, the financial performance of 32 traditional and 14 low-cost airlines operating in different regions of the world was analysed using the Merec-based Cobra method for the before and during COVID-19 pandemic period (2018-2021). First, the financial ratios of the airlines were weighted using the Merec method, then the financial performance ranking of the airlines was conducted using the Cobra method. According to the results of the Cobra method, Ryanair (FR) was found to have the best financial performance in 2018 and 2020. Meanwhile, Allegiant Travel (G4) led the way in 2019, and Thai Airways (TG) came out on top in 2021. According to the analysis results, low-cost airlines such as Southwest Airlines (WN), Wizz Air (W6), Allegiant Air Travel (G4), and Ryanair (FR) showed better performance than a significant portion of traditional airlines in the period before the COVID- 19 pandemic. In contrast, during the COVID-19 pandemic, low-cost airlines such as Spring Airlines (9C), Air Arabia (G9), Cebu Air (5J), Easyjet (U2), and Jetblue Airways (B6) demonstrated worse performance than a significant portion of traditional airlines.en_US
dc.identifier.doi10.33119/GN/184315
dc.identifier.endpage52en_US
dc.identifier.issn0867-0005
dc.identifier.issn2300-5238
dc.identifier.issue2en_US
dc.identifier.startpage35en_US
dc.identifier.urihttps://doi.org/10.33119/GN/184315
dc.identifier.urihttps://hdl.handle.net/11468/29574
dc.identifier.volume318en_US
dc.identifier.wosWOS:001265207600002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.institutionauthorAsker, Veysi
dc.language.isoenen_US
dc.publisherSzkola Glowna Handlowa, Kolegium Analiz Ekonomicznychen_US
dc.relation.ispartofGospodarka Narodowa-The Polish Journal of Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzKA_WOS_20250222
dc.subjectCOVID-19 pandemic financialen_US
dc.subjectperformance Merec method Cobraen_US
dc.subjectmethoden_US
dc.titleFinancial Performance Analysis Using the Merec-Based Cobra Method: An Application to Traditional and Low-Cost Airlinesen_US
dc.typeArticleen_US

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