The study examines the performance of airlines using Tobin q, which is an important and widelyused method in the measurement of corporate performance. Air transport is one of the various sectors in which there is fierce competition. In order to protect themselves against such an intense competition, airline build alliances with the others in the sector. The performance of 14 airlines between 2005-2007 which are currently members of Star Alliance were examined using Tobin q and other financial ratios, most of whose rates turned out to be low. Besides, those from Asia-Pacific region in the alliance had good performance compared with the airlines from the other regions.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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