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- Title
PANDEMIA DA COVID 19: UM ESTUDO DOS IMPACTOS NO CAPITAL DE GIRO DE EMPRESAS BRASILEIRAS DA AVIAÇÃO COMERCIAL LISTADAS NA B3.
- Authors
Costa Bittencourt, Erik; Alves Barbosa, José Carlos; Moura Aranha, José Aparecido
- Abstract
This study aims to identify the impact caused by COVID-19 on the Working Capital Needs (WCN) and Working Capital (WC) of Brazilian airlines companies listed on the São Paulo Stock Exchange (B3), using the possibilities introduced by the Fleuriet Model, in the period between the second half of 2018 and the first half of 2021. The present work was developed on the basis of a bibliographic research and documentary analysis, which was characterized by having a quantitative analysis. The data were extracted from the balance sheets of the companies GOL and AZUL Airlines. According to the results obtained, it was possible to verify that the companies presented a high-risk financial situation. The two analyzed companies displayed the scissors effect, because both felt the impact caused by the restriction of people's mobility during the COVID-19 pandemic. The work innovates and proves to be relevant when carrying out a research from the perspective of dynamic analysis of working capital, which has not been identified in recent works so far in Brazil, given that COVID-19 has devastated the country since February 2020 and put a lot of sectors of the economy in crisis, in particular the airline sector.
- Subjects
COVID-19 pandemic; WORKING capital; FINANCIAL statements; COVID-19; CORPORATE finance
- Publication
Revista Foco (Interdisciplinary Studies Journal), 2023, Vol 16, Issue 3, p1
- ISSN
1981-223X
- Publication type
Article
- DOI
10.54751/revistafoco.v16n3-080