Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market
The aim of this study is to investigate the multi-dimensional effects of the Covid-19 pandemic on the sustainability performance of airlines in the U.S. airline market, examine the effect of the Covid-19 pandemic on airline business models, and compare the financial and operational performance of ai...
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| Format: | Article |
| Language: | English |
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2024-12-01
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| Series: | Studies in Business and Economics |
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| Online Access: | https://doi.org/10.2478/sbe-2024-0043 |
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| author | Asker Veysi |
| author_facet | Asker Veysi |
| author_sort | Asker Veysi |
| collection | DOAJ |
| description | The aim of this study is to investigate the multi-dimensional effects of the Covid-19 pandemic on the sustainability performance of airlines in the U.S. airline market, examine the effect of the Covid-19 pandemic on airline business models, and compare the financial and operational performance of airlines before, during and after Covid-19 pandemic period. In this context, the financial and operational performance of 6 traditional and 5 LCC airlines for the period 2019-2022 was analyzed using the Merec-based Marcos and Cobra methods. First, the financial and operational data for airlines were weighted using the Merec method. Subsequently, using the Marcos and Cobra methods, the financial and operational performance rankings of airlines were determined. According to the rankings obtained through the Marcos and Cobra methods, the airlines with the best performance were American Airlines, Delta Airlines, and Southwest Airlines. Additionally, there was a significant similarity in the performance rankings of all airlines in the sample before and after the Covid-19 pandemic. |
| format | Article |
| id | doaj-art-8b3ad8a62b7840b6a0d77bb5f54003e1 |
| institution | Kabale University |
| issn | 2344-5416 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj-art-8b3ad8a62b7840b6a0d77bb5f54003e12025-02-02T15:49:06ZengSciendoStudies in Business and Economics2344-54162024-12-01193506610.2478/sbe-2024-0043Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline MarketAsker Veysi01Dicle UniversityDepartment of Aviation Management, TurkeyThe aim of this study is to investigate the multi-dimensional effects of the Covid-19 pandemic on the sustainability performance of airlines in the U.S. airline market, examine the effect of the Covid-19 pandemic on airline business models, and compare the financial and operational performance of airlines before, during and after Covid-19 pandemic period. In this context, the financial and operational performance of 6 traditional and 5 LCC airlines for the period 2019-2022 was analyzed using the Merec-based Marcos and Cobra methods. First, the financial and operational data for airlines were weighted using the Merec method. Subsequently, using the Marcos and Cobra methods, the financial and operational performance rankings of airlines were determined. According to the rankings obtained through the Marcos and Cobra methods, the airlines with the best performance were American Airlines, Delta Airlines, and Southwest Airlines. Additionally, there was a significant similarity in the performance rankings of all airlines in the sample before and after the Covid-19 pandemic.https://doi.org/10.2478/sbe-2024-0043covid-19 pandemicfinancial and operational performancemerec methodmarcos methodcobra method |
| spellingShingle | Asker Veysi Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market Studies in Business and Economics covid-19 pandemic financial and operational performance merec method marcos method cobra method |
| title | Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market |
| title_full | Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market |
| title_fullStr | Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market |
| title_full_unstemmed | Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market |
| title_short | Evaluation of Financial and Operational Sustainability with Multi-Criteria Decision-Making Methods: An Application in the US Airline Market |
| title_sort | evaluation of financial and operational sustainability with multi criteria decision making methods an application in the us airline market |
| topic | covid-19 pandemic financial and operational performance merec method marcos method cobra method |
| url | https://doi.org/10.2478/sbe-2024-0043 |
| work_keys_str_mv | AT askerveysi evaluationoffinancialandoperationalsustainabilitywithmulticriteriadecisionmakingmethodsanapplicationintheusairlinemarket |