Evaluation of the Financial Performance of the World's Leading Airline Companies during the COVID-19 Period with TOPSIS, ELECTRE and VIKOR Methods

Gürkan Kaplan

Makale detayları

Evaluation of the Financial Performance of the World's Leading Airline Companies during the COVID-19 Period with TOPSIS, ELECTRE and VIKOR Methods

Yazarlar:

Gürkan Kaplan

Yayıncı:

Recep Tayyip Erdoğan University

Ana Başlıklar:

İstatistiksel Veri Bilimi | Uygulamalı İstatistik

Dergi:

Recep Tayyip Erdoğan Üniversitesi Fen ve Mühendislik Bilimleri Dergisi Vol.6 Issue 1, pp.386-402

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351014

pISSN:

2687-2315

Anahtar kelimeler:

Özet:

 The most recent disaster that has deeply affected the world globally is the COVID-19 pandemic. As a result of the measures taken globally during this process, most sectors have had to slow down or completely stop their services. The airline sector, which is focused on people, was one of the sectors deeply affected by this disaster. This situation also formed the starting point of the study. The aim of this research is to evaluate the financial performance of major airline companies during the COVID-19 period from global perspective. Within the scope of the study, the 4-year 2018-2021 financials of the worlds 10 leading airline companies were examined. During the study, the balance sheets of the companies in the study in the relevant periods were examined in detail and the ratios used in the study were obtained. As a result of the study, evaluations were made with multi-criteria decision-making methods TOPSIS, ELECTRE and VIKOR, considering both annual and 4-year averages. In the study, it was observed that the years 2020 and partially 2021, when COVID-19 had a devastating effect, had a negative impact on company financials as expected, and when the 4-year average data were taken into account, company financials were close to each other except for 1-2 companies. The results obtained during company evaluations were visualized using binary superiority matrices.

 The most recent disaster that has deeply affected the world globally is the COVID-19 pandemic. As a result of the measures taken globally during this process, most sectors have had to slow down or completely stop their services. The airline sector, which is focused on people, was one of the sectors deeply affected by this disaster. This situation also formed the starting point of the study. The aim of this research is to evaluate the financial performance of major airline companies during the COVID-19 period from global perspective. Within the scope of the study, the 4-year 2018-2021 financials of the worlds 10 leading airline companies were examined. During the study, the balance sheets of the companies in the study in the relevant periods were examined in detail and the ratios used in the study were obtained. As a result of the study, evaluations were made with multi-criteria decision-making methods TOPSIS, ELECTRE and VIKOR, considering both annual and 4-year averages. In the study, it was observed that the years 2020 and partially 2021, when COVID-19 had a devastating effect, had a negative impact on company financials as expected, and when the 4-year average data were taken into account, company financials were close to each other except for 1-2 companies. The results obtained during company evaluations were visualized using binary superiority matrices.

 The most recent disaster that has deeply affected the world globally is the COVID-19 pandemic. As a result of the measures taken globally during this process, most sectors have had to slow down or completely stop their services. The airline sector, which is focused on people, was one of the sectors deeply affected by this disaster. This situation also formed the starting point of the study. The aim of this research is to evaluate the financial performance of major airline companies during the COVID-19 period from global perspective. Within the scope of the study, the 4-year 2018-2021 financials of the worlds 10 leading airline companies were examined. During the study, the balance sheets of the companies in the study in the relevant periods were examined in detail and the ratios used in the study were obtained. As a result of the study, evaluations were made with multi-criteria decision-making methods TOPSIS, ELECTRE and VIKOR, considering both annual and 4-year averages. In the study, it was observed that the years 2020 and partially 2021, when COVID-19 had a devastating effect, had a negative impact on company financials as expected, and when the 4-year average data were taken into account, company financials were close to each other except for 1-2 companies. The results obtained during company evaluations were visualized using binary superiority matrices.

 Global anlamda dünyayı derinden etkileyen en son felaket COVID-19 pandemisidir. Bu süreçte global anlamda alınan önlemler sonucunda çoğu sektör verdiği hizmeti yavaşlatmak veya tamamen durdurmak zorunda kalmıştır. Bu felaketin derinden etkilediği sektörlerin başında ise odağı insan olan havayolu sektörü gelmiştir. Çalışmanın çıkış noktasını da bu durum oluşturmuştur. Bu çalışmanın amacı global anlamda COVID-19 döneminde havayolu şirketlerinin finansal performanslarının değerlendirilmesidir. Çalışma kapsamında dünyanın önde gelen 10 havayolu şirketinin 4 yıllık 2018-2021 finansalları incelenmiştir. Çalışma sürecinde çalışmada bulunan firmaların ilgili dönemlerdeki bilançoları detaylı incelenerek çalışmada kullanılan rasyolar elde edilmiştir. Çalışma sonucunda hem yıl bazında hem de 4 yıllık ortalamalar dikkate alınarak çok kriterli karar verme yöntemlerinden TOPSIS, ELECTRE ve VIKOR ile değerlendirmeler yapılmaya çalışılmıştır. Çalışmada COVID-19un yıkıcı etkisinin olduğu 2020 ve kısmen 2021 yıllarının beklendiği gibi firma finansallarına olumsuz yansıdığı ve 4 yıllık ortalama veriler dikkate alındığında şirket finansallarının 1-2 firma hariç birbirine yakın seyrettiği görülmüştür. Firma değerlendirmeleri yapılırken elde edilen sonuçlar ikili üstünlük matrisleri kullanılarak görselleştirilmiştir.

Makale detayları

Evaluation of the Financial Performance of the World's Leading Airline Companies during the COVID-19 Period with TOPSIS, ELECTRE and VIKOR Methods

Yazarlar:

Gürkan Kaplan

Yayıncı:

Recep Tayyip Erdoğan University

Ana Başlıklar:

İstatistiksel Veri Bilimi | Uygulamalı İstatistik

Dergi:

Recep Tayyip Erdoğan Üniversitesi Fen ve Mühendislik Bilimleri Dergisi Vol.6 Issue 1, pp.386-402

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351014

pISSN:

2687-2315

COVID-19

TOPSIS

ELECTRE

VIKOR

AirlineCOVID-19

TOPSIS

ELECTRE

VIKOR

Havayolu

Sayı

Makale detayları

Yazarlar: Gürkan Kaplan

Yayıncı: Recep Tayyip Erdoğan University

Ana Başlıklar: İstatistiksel Veri Bilimi | Uygulamalı İstatistik

Dergi: Recep Tayyip Erdoğan Üniversitesi Fen ve Mühendislik Bilimleri Dergisi Vol.6 Issue 1, pp.386-402

Belge Tipi: Makale

Yayın Tarihi: 6/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001351014

pISSN: 2687-2315

Sayı

Yazarlar:

Gürkan Kaplan

Yayıncı:

Recep Tayyip Erdoğan University

Ana Başlıklar:

İstatistiksel Veri Bilimi | Uygulamalı İstatistik

Dergi:

Recep Tayyip Erdoğan Üniversitesi Fen ve Mühendislik Bilimleri Dergisi Vol.6 Issue 1, pp.386-402

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351014

pISSN:

2687-2315