earticle

영어

The market circumstances of airline business have taken a sharp turn for the worse, and also been meeting with cutthroat competition in global market. Under this situations it needs a rational change and competitive power development in its business management system.
For these purposes, this study attempted to find out the problem of managerial structure, financial structure, managerial performance and suggest the improvement plan of financial management of two domestic airlines on the basis of financial statement.
Results were as follows;
1) According to financial analysis of two domestic airlines, both of them had very weak financial structure and operation systems were not efficient in comparison with other industry.
2) From the specific characteristics of airline industry, the companies are seriously influenced by political, economic, diplomatic policy and other situations. And due to oil import, interest payment and cost of equipment leased, foreign exchange fluctuation is very important. In 2000, the loss of two companies in foreign exchange exceeded operating profit.
3) In this context, it is urgently needed the effort to promote managerial and financial efficiency. To booster companies profit, a multiple/diversified management is also recommended. And task force team should be set up to control foreign exchange loss/profit.