Oil price and airline company financial soundness

R. Rokhim; W.A. Perdana; M. Robbani

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https://doi.org/10.1...arrow_drop_down

https://doi.org/10.1201/978100...

Part of book or chapter of book . 2020 . Peer-reviewed

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https://dx.doi.org/10.1201/978...

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Oil price and airline company financial soundness

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type 15 Sep 2020 English Publisher:Informa UK Limited

Authors: R. Rokhim; W.A. Perdana; M. Robbani;

doi: 10.1201/9781003035985-53

Oil price and airline company financial soundness

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Abstract

This study investigates the impact of oil prices on the financial soundness of airline companies during the period 2006–2017. Using the OPEC oil price as an indicator, this study found that a rise in oil prices has a negative impact on an airline company’s financial soundness. The price of oil price affect the cost function, because oil price is considered to be the biggest component in the cost structure of airlines. Therefore, airlines should always anticipate changes in oil prices in order to maintain their financial well-being.

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