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- Title
HAVA TAŞIMACILIĞI İŞLETMELERİNİN KARLILIK ANALİZİ: TÜRKİYE VE AVRUPA SEKTÖR KARŞILAŞTIRMASI.
- Authors
ÖNAL, Servet; MAT, Murat; EROĞLU, Sevim Ezgi
- Abstract
Turkey has become an active player in the sector of air transportation on the international market because of the progress made in recent years. Air transport companies in Turkey have been competing fiercely in international market. In this study, it is aimed to compare the profitability of the companies operating in the Turkish air transport sector with the European air transport sector. For this purpose, the profitability of air transport companies, which are traded on Borsa Istanbul and companies that are a member of European Airlines Association are analyzed comparatively in the period of 2012-2016. In the study, profitability of Turkish air transport companies and European airlines companies, which are members of the European Airline Association and whose financial statements are published on their corporate web sites are examined with ratio analysis. In this study, the ratios of return on assets, return on equity, net profit on sales and operating profit margin are used. Although there are fluctuations in the study period, it is seen that the profitability ratios of Turkish Air transport companies are generally higher than the European average. However, while profitability of European air transport sector has been rising in the years of 2015 and 2016, it is seen that there is a serious decrease in the profitability of Turkish air transport sector in 2016. It can be said that the decrease in sales profitability due to the increased unit costs of air transport companies traded in Borsa Istanbul is effective on this situation in 2016. On the other hand, the profitability of European air transport companies have been rising due to decrease in costs since 2015.
- Publication
Turkish Journal of Social Research / Turkiye Sosyal Arastirmalar Dergisi, 2018, Vol 22, Issue 4, p721
- ISSN
1301-370X
- Publication type
Article