U.S. network and low-cost carriers' performance in response to COVID-19: Strictness of government policies and passengers' panic

Kaffash, Sepideh; Khezrimotlagh, Dariush

doi:10.1016/j.rtbm.2022.100835

Cited by 15 publications

(4 citation statements)

References 82 publications

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“…Chinese LCCs experienced quick recoveries, where Spring Airlines outperformed others in term of network connectivity ( Liao et al, 2022 ). The US LCCs showed a higher efficiency during the pandemic, while FSCs recovered moderately with more positive responses to COVID-19 regarding cancellations and reductions of scheduled flights ( Kaffash and Khezrimotlagh, 2022 ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Various earlier studies had predicted a long-term impact with (full) recoveries for the period 2022–2024 ( EUROCONTROL, 2020 , Gudmundsson et al, 2021 , Hanson et al, 2022 ). Existing studies with an emphasis on recovery in the year 2022 are either spatially or temporally constrained, e.g., covering selected airlines in the United States ( Kaffash and Khezrimotlagh, 2022 ), Chinese airlines ( Liao et al, 2022 ), or cargo systems ( Aydın and Ülengin, 2022 , Tanrıverdi et al, 2022 ).…”

Section: Introductionmentioning

confidence: 99%

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A data-driven analysis of the aviation recovery from the COVID-19 pandemic

Sun

Wandelt

Zhang

2023

Journal of Air Transport Management

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A data-driven analysis of the aviation recovery from the COVID-19 pandemic

Sun

Wandelt

Zhang

2023

Journal of Air Transport Management

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“…Dünya Sağlık Örgütünün "COVID-19'u uluslararası halk sağlığı acil durumu olarak ilan etmesinin" ardından, seyahat ve iş amaçlı uçuş yapan yolcular seyahat planlarını iptal etmiş, birçok uçuş iptal edilmiş ve havayolları daha az uçuş planlamak zorunda kalmışlardır (Kaffash & Khezrimotlagh, 2023). Dünya Bankası verileri 2019'da 4.46 milyar olan yolcu sayısının 2020 yılında 1,81 milyara kadar gerilediğini ortaya koymaktadır (The World Bank, 2020).…”

Section: Covid-19 Pandemi̇si̇nde Havacilik Endüstri̇si̇ni̇n Genel Dur...unclassified

İktisadi ve İdari Bilimlerde Akademik Analiz ve Yorumlar

2023

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Ekonomi, mal ve hizmetlerin üretimi, dağıtımı ve ticareti ile tüketiminin bir alanıdır. Genel olarak, kıt kaynakların üretimi, kullanımı ve yönetimi ile ilgili uygulamaları, söylemleri ve maddi ifadeleri vurgulayan sosyal bir alan olarak tanımlanır. Belirli bir ekonomi kültürünü, değerlerini, eğitimini, teknolojik gelişimini, tarihini, sosyal organizasyonunu, politik yapısını, yasal sistemlerini ve doğal kaynaklarını ana faktörler olarak içeren bir süreçler dizisidir. Bu faktörler bağlamı, içeriği verir ve bir ekonominin işlediği koşulları ve parametreleri belirler. Başka bir deyişle, ekonomik alan, tek başına ayakta kalmayan, birbiriyle ilişkili insan uygulamalarının ve işlemlerinin sosyal bir alanıdır. Bu kitapta iktisadi ve idari bilimler bilimler incelenmiştir.

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“…Subsequently, the largest UK airline collapse event took place in 2019, when Thomas Cook announced bankruptcy and ceased operations, leaving hundreds of thousands of tourists stranded around the world. The COVID‐19 left global airlines struggling for survival (Budd et al, 2020; Kaffash & Khezrimotlagh, 2022). Air transportation industry occupies a small share of GDP but is closely connected with activities of many other sectors.…”

Section: Introductionmentioning

confidence: 99%

Bankruptcy prediction for the European aviation industry: An application of the Altman model

Shi,

2023

Manage Decis Econ

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Aviation industry is extremely vulnerable to economic turbulence or a pandemic. Over the past decade, a number of well‐known European airline brands have gone into bankruptcy, with consequences such as leaving thousands of passengers stranded abroad. The present research assesses the predictive power of the updated Altman Z‐score model (1983 and 2017) using data on European airline bankruptcies over the period 2009–2020. The results indicate that the Z″‐score (2017) for private non‐manufacturing companies shows satisfactory predictive power when applied on European aviation industry. In this study, we analyze in depth the performance of the updated Altman Z′‐ and Z″‐scores (1983, 2017), connecting airline's financial and non‐financial information, and provide a comprehensive interpretation of Z‐score predictive power. We aim to contribute to the literature by offering a unique and novel perspective on the Altman model's accuracy for the European air transport industry.

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U.S. network and low-cost carriers' performance in response to COVID-19: Strictness of government policies and passengers' panic

Cited by 15 publications

References 82 publications

A data-driven analysis of the aviation recovery from the COVID-19 pandemic

A data-driven analysis of the aviation recovery from the COVID-19 pandemic

İktisadi ve İdari Bilimlerde Akademik Analiz ve Yorumlar

Bankruptcy prediction for the European aviation industry: An application of the Altman model

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