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What is Operating Assets

Digitalization and the Impacts of COVID-19 on the Aviation Industry
The assets a company uses to support its business operations and generate revenues.
Published in Chapter:
Performance of Airlines: A Comparative Analysis for the COVID-19 Era
Dilek Teker (Isik University, Turkey) and Suat Teker (Isik University, Turkey)
DOI: 10.4018/978-1-6684-2319-6.ch014
Abstract
This chapter investigates the financial performance of airline companies and proposes a harmonic index to state a performance ranking for the COVID-19 era covering the years 2018, 2019, and 2020. All data required for this study were obtained from the Thomson-Reuters database. A total number of 111 airlines are reached and listed by total assets. The 20 biggest airlines by total assets in 2020 are chosen for this study. A harmonic index is constructed by using performance indicators for profitability, liquidity, and efficiency. Then, the biggest 20 airlines are ranked by the harmonic index values for the COVID-19 era. The results revealed that North America and European-based airlines performed very badly in 2020 compared to pre-COVID years while Far East-based airlines were able to manage the pandemic year much better.
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