Using multi-criteria performance measurement models to evaluate the financial, operational and environmental sustainability of airlines
Yükleniyor...
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Ltd.
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Airline sustainability, defined as both decarbonization and long-term financial survival, has become critical
especially since the onset of the COVID-19 pandemic. Our paper investigates the multi-dimensional effects of the
COVID-19 crisis on airlines’ sustainability performance using data from 56 airlines for the period before, during
and early after the pandemic (2017–2021). We develop and use a novel multi-criteria MEREC–CoCoSo/Borda
performance measurement model tailored to the airline industry. Our results suggest that while operational
results have dominated sustainability weights throughout the period, the financial pillar has gained considerably
in importance while the decarbonization criterion decreased in weight in 2020. However, from 2021, decarbonization started to become more important again in the “new normal” and sector recovery. In terms of overall
and sustained sustainability, low-cost carriers and small full-service carriers with predominantly domestic networks are ranked as best performers. Renewing fleet, attaching decarbonization conditions to government aid
and reviewing airport slot policies are important to prepare the aviation industry for the next pandemic or
disruption.
Açıklama
Anahtar Kelimeler
Economic and environmental airline sustainability, COVID-19 crisis, Multi-criteria performance analysis, Decarbonization, Next pandemic
Kaynak
Journal of Air Transport Management
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
Sayı
112
Künye
Tanrıverdi, G., Merkert, R., Karamaşa, Ç. ve Asker, V. (2023). Using multi-criteria performance measurement models to evaluate the financial, operational and environmental sustainability of airlines. Journal of Air Transport Management, (112), 1-12.
