An analysis of key factors of financial distress in airline companies in India using fuzzy AHP framework

Mahtani, Umesh S.; Garg, C. P.

doi:10.1016/j.tra.2018.08.016

Cited by 71 publications

(60 citation statements)

References 40 publications

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“…Although the mentioned supportive measures may reduce the probability of bankruptcy or prevent liquidity crunch, several vulnerable airlines faced with financial distress ended with bankruptcy ( Mahtani and Garg, 2018 ). Alternatively, the administrative measures should allow the airlines to change their business plans and establish alternative.…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

The impacts of COVID-19 on the global airline industry: An event study approach

Maneenop

Kotcharin

2020

Journal of Air Transport Management

203

152

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This study examines the short-term impact of the 2019 novel coronavirus (COVID-19) outbreak on 52 listed airline companies around the world by using event study methodology. The results demonstrate that airline stock returns decline more significantly than the market returns after three major COVID-19 announcements were made. Overall, investors react differently during the three selected events. The strongest overreaction is noted in the post-event period of the World Health Organization's and President Trump's official announcements. Moreover, the findings confirm that traders in Western countries are more responsive to recent information than the rest of the world. The findings call for immediate policy designs in order to alleviate the impact of the pandemic in the airline industry around the globe.

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Section: Empirical Results and Discussionmentioning

confidence: 99%

The impacts of COVID-19 on the global airline industry: An event study approach

Maneenop

Kotcharin

2020

Journal of Air Transport Management

203

152

View full text Add to dashboard Cite

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“…Wei et al propose an improved fuzzy comprehensive evaluation (FCE) for evaluating hotel service quality [33]. Mahtani and Garg apply a fuzzy analytic hierarchy processing (AHP) technique to identify and rank the key factors [34]. Tuan adopts the structural equation modelling for data analysis for Vietnamese manufacturing firms [35].…”

Section: Techniques Applied In Comprehensive Evaluationmentioning

confidence: 99%

Applying catastrophe progression method to evaluate the service quality of cold chain logistics

Zhang

Shi

Qiu

2020

Complex Intell. Syst.

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Logistics service quality (LSQ) is one of the key influential factors in the success of an ecommerce business. In view of the complexity of the topic, this paper proposes a novel model for fresh ecommerce cold chain LSQ evaluation based on the catastrophe progression method. In the proposed methodology, first an index system for evaluating the fresh ecommerce cold chain LSQ is established from the perspective of service recipients. Then, the comprehensive weight of each evaluation index is determined using a combination weighting approach based on maximizing deviations and fuzzy set theory. The priority weights and the ranking of the indices are determined using the catastrophe progression method. Finally, the model is applied in a case study of two representative enterprises. The study demonstrates the validity and practical applicability of the proposed model. Also, based on the evaluation results and findings, some improvement suggestions are made for improving the cold chain LSQ of similar kinds of fresh ecommerce companies.

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“…India Airlines market despite of being the fastest growing market (Mahtani and Garg 2018 ), has been one of the toughest aviation markets in the world, due to high fuel prices, overcapacity and intense price competition (Saranga and Nagpal 2016 ). Notwithstanding the extensive infrastructural development supported by government, airlines in India often combat financial distress with the changing dynamics of internal and external environment (Mahtani and Garg 2018 ). Indian aviation industry in India has undergone rapid transformation with the liberalization of Indian aviation sector (Singh 2016 ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…From the external environment, ATF prices largely affect airlines profitability in India. Also, annual inflation and GDP growth rate in the country has a major influence on the sustainability of the airlines in India (Mahtani and Garg 2018 ). With uncontrollable cost behavior, tight margins and cut-throat market, survival and subsistence of airlines largely depends on its ability to maximize their customer base (Singh 2016 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability of airlines in India with Covid-19: Challenges ahead and possible way-outs

Agrawal

2020

J Revenue Pricing Manag

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Coronavirus outbreak has been highly disruptive for aviation sector, threatening the survival and sustainability of airlines. Apart from massive losses attributed to suspended operations, industry foresee a grim recession ahead. Restrictive movements, weak tourism, curtailed income, compressed commercial activities and fear psychosis are expected to compress the passenger demand from 30 to 60%, endangering the commercial viability of airlines operation. Fragile to withstand the cyclic momentary shocks of oil price fluctuation, demand flux, declining currency, airlines in India warrants for robust structural changes in their operating strategies, business model, revenue and pricing strategies to survive the long-lasting consequences of Covid-19. Paper attempts to analyze impact of lockdown and covid crisis on airlines in India and possible challenges ahead. Study also suggests the possible way-out for mitigating the expected losses.

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An analysis of key factors of financial distress in airline companies in India using fuzzy AHP framework

Cited by 71 publications

References 40 publications

The impacts of COVID-19 on the global airline industry: An event study approach

The impacts of COVID-19 on the global airline industry: An event study approach

Applying catastrophe progression method to evaluate the service quality of cold chain logistics

Sustainability of airlines in India with Covid-19: Challenges ahead and possible way-outs

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