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A Comparative Study on Debt Risks of Chinese Civil Aviation Companies Under the Covid-19 Epidemic
- 1 Qingdao University
* Author to whom correspondence should be addressed.
Abstract
As a highly indebted industry, the civil aviation transportation industry's debt risk management is crucial to its everyday operations. After the emergence of COVID-19 in early 2020, a number of airlines have been adversely affected by variables such as a reduction in the number of passengers, and their operating revenue has been severely impacted, with some even facing the possibility of insolvency. How to control the size and risk of debt is particularly crucial when income is low. On the basis of empirical analysis, this paper collects and sorts the financial data of three large state-owned civil aviation enterprises (China Southern Airlines, Air China, and China Eastern Airlines), selects several debt risk measurement indicators to analyse the impact of the epidemic on the debt risk of civil aviation enterprises, and offers corresponding recommendations for the management of airline debt risk.
Keywords
civil aviation enterprises, debt risks, COVID-19, empirical analysis
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Cite this article
Liang,C. (2023). A Comparative Study on Debt Risks of Chinese Civil Aviation Companies Under the Covid-19 Epidemic. Advances in Economics, Management and Political Sciences,23,12-19.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development
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