scholarly journals Investigation of Breaking Points in the Airline Industry with Airline Optimization Studies Through Text Mining before the COVID-19 Pandemic

2021 ◽  
pp. 036119812098723
Author(s):  
Metehan Atay ◽  
Yunus Eroğlu ◽  
Serap Ulusam Seçkiner
Keyword(s):  
Text Mining ◽  
Current Literature ◽  
Airline Industry ◽  
Aviation Industry ◽  
Mining Method ◽  
The Past ◽  
The Future ◽  
Global Events ◽  
Economic Contribution ◽  
Breaking Points

In this study, current literature in the field of airline optimization has been examined by the text mining method to understand trends and commercial threats in the airline industry. Prominent types of work and popular topics have been revealed to understand the importance of global events. This research summarizes trends and some important points relating to airline optimization. The results are striking. It analyzes studies conducted on behalf of aviation before the global COVID-19 pandemic. The economic contribution made by the aviation sector as well as the costs it suffers as a result of crisis situations are clearly explained. Reasons for differences in studies conducted by different countries in the field of aviation are also explained. This study is intended to give an idea of how the aviation sector shapes academic studies, how studies on aviation optimization could contribute in the future, and how the countries have addressed important challenges to the aviation industry in the past.

scholarly journals Will the Aviation Industry Have a Bright Future after the COVID-19 Outbreak? Evidence from Chinese Airport Shipping Sector

2020 ◽  
Vol 13 (11) ◽  
pp. 276
Author(s):  
Jingxuan Liu ◽  
Ping Qiao ◽  
Jian Ding ◽  
Luke Hankinson ◽  
Elodie H. Harriman ◽  
...  
Keyword(s):  
Text Mining ◽  
Positive Attitude ◽  
Aviation Industry ◽  
Conditional Heteroskedasticity ◽  
Mining Method ◽  
Financial Reports ◽  
Word Cloud ◽  
Period 2 ◽  
Business Behavior ◽  
Stock Indexes

Due to the lockdown regulations worldwide during the COVID-19 pandemic, the global aviation industry has been severely hit. This study focuses on the volatility estimation of stock indexes in the Chinese Airport Shipping Set (ASS) at industry-enterprise levels and identifies possible business behavior that may cause fluctuating differences. Depending on the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model, text mining method and Word Cloud Views, results show that (1) the holistic volatility of Airport Shipping Set Index (ASSI) increases relative to the pre-COVID period; (2) volatility of airport stocks has crucial differences, while the volatility of shipping stocks is similar; (3) there are different responses to the pandemic between Shenzhen Airport and Shanghai Airport shown in their semiannual financial reports. Compared to the latter, the former had a more positive attitude and took various measures to mitigate risks, providing evidence of the volatility differences between firms.

Economic Implication of Absence of National Carrier in the Nigeria Aviation Industry

2018 ◽  
Vol 1 (2) ◽  
pp. 1-8
Author(s):  
Gbadamosi Kolawole T ◽  
Adekunle Emmanuel A.
Keyword(s):  
Federal Government ◽  
Airline Industry ◽  
Payback Period ◽  
Tourism Industry ◽  
Aviation Industry ◽  
Economic Implication ◽  
Travel And Tourism ◽  
The Past ◽  
International Tourist ◽  
Foreign Competitors

The aim of the study is to access the economic implication of absence of National carrier in the Nigeria aviation industry. The airline industry is the key drive of the travel and tourism industry and also a major contributor to many countries’ overall economy through international tourist arrivals and departures. The study estimate the amount of revenue Nigeria is losing to capital flights for not having a viable national carrier over the past ten years that is from 2007 to 2016.The estimated amount of revenue loss was examined on airlines offering direct flights on Nigeria to London route, in which we have two foreign airlines (British airways and Virgin Atlantic airline)and a Nigeria’s private national carrier which is Med-view airline. The class of tickets and services in each class of ticket being offered by the airlines was examined. The study reveals an estimate of total of over $6 Billion revenue were being lost to hands of foreign competitors over the past ten years with British airways generating closely to $4 billion, while Virgin Atlantic generated over $2.3 billion and Med-view generated over $133 million in the past ten years. The study also reveals that the higher the passenger carried the higher the revenue and vice versa. However, establishing a national carrier by the federal government is imminent which will express Nigeria culture and to better serve passengers especially Nigerians. Finally, banks and other governmental financial institutions should make available enough funds with longer payback period and little interest for both existing airlines to upgrade their services and new entrants to be able to purchase necessary equipment’s to make them competitive in the market.

scholarly journals Is Covid-19 Decaying the Financial Health of the Aviation Industry in India

2020 ◽  
Vol 7 (2) ◽  
pp. 1-8
Author(s):  
Shiv Swaroop Jha ◽  
Anurag Arora ◽  
Tanushree Dayal
Keyword(s):  
Stock Market ◽  
Airline Industry ◽  
Financial Distress ◽  
Research Paper ◽  
Aviation Industry ◽  
Financial Health ◽  
The Future ◽  
Future Situation ◽  
The One

Forecasting of financial distress helps not only the companies but also their stakeholders, employees, creditors, stock market agents, etc. As COVID-19 has made a humungous impact on the Aviation industry of the country already we have witnessed a decline in the industry but since the country got hit by the co vid-19 the effect got even worse. This has not only caused loss of economy but also has made it very tough for people to earn their livelihood as they have lost their jobs. Economy of the country has been greatly impacted as the Airline industry is the one of the major sources of revenue. This research paper aims to analyze the current and the future situation of the aviation industry with reference to COVID-19

scholarly journals Perceptions of Customers as Sustained Competitive Advantages of Global Marketing Airline Alliances: A Hybrid Text Mining Approach

2020 ◽  
Vol 12 (15) ◽  
pp. 6258 ◽  
Author(s):  
Gang-Hoon Seo ◽  
Munehiko Itoh
Keyword(s):  
Text Mining ◽  
Word Of Mouth ◽  
Aviation Industry ◽  
Competitive Advantages ◽  
Regression Analyses ◽  
Global Alliance ◽  
Global Marketing ◽  
The Past ◽  
Airline Alliances ◽  
Sentiment Score

Over the past several decades, the aviation industry has been reshaped, centering on global alliances, and these have grown exponentially. However, it is still not clear whether they are achieving sustained competitive advantages, and what are the specific competitive advantages of the three alliances (oneworld, SkyTeam, Star Alliance) arising on the customer side. This study aims to examine whether global alliance groups outperform the non-alliance group, how the three alliances differ regarding passengers’ perceptions, and what their competitive advantages are. A hybrid text mining analysis was adopted as this study’s method. Frequency tests, t-tests, one-way analysis of variance tests, and three-step mediated regression analyses were performed using 6393 ordinal and word-of-mouth (WOM) data. We found that the degree of passengers’ perceptions of alliances was low, the non-alliance group outperformed the alliance groups, and there were no significant differences between alliances on service rating and sentiment score. Only oneworld has competitive advantages that link to passengers’ service rating and sentiment score. These findings imply that alliances could not ensure competitive advantages that derive from customers’ perceptions, and although passengers partly perceived several selling points, their differentiation strategies are not successful.

scholarly journals AirAsia In The Malaysian Domestic Airline Market: Empirical Analysis Of Strategy

2011 ◽  
Vol 4 (12) ◽  
Author(s):  
Mok Kim Man ◽  
Jainurin Bin Justine
Keyword(s):  
Financial Performance ◽  
Empirical Analysis ◽  
Airline Industry ◽  
Strategic Actions ◽  
The Past ◽  
The Future ◽  
Domestic Airline

This paper will examine the results of the strategic actions of AirAsia in the Malaysian domestic airline market. Firstly, the paper will provide a general background of the airline industry, in particular the Malaysian domestic airline market and a summary of an analysis of the industry using Michael Porters Five Forces Analysis. Secondly, the paper will provide a brief background of AirAsia and Malaysia Airlines. Thirdly, the paper will analyse the results of AirAsias strategy vis--vis operating and financial performance. Finally, the paper will conclude a summary of AirAsias achievement of the past and present and prospect for the future.

scholarly journals Towards a Global Partnership Network: Implications, Evolution and Prospects of China's Partnership Diplomacy

2019 ◽  
Vol 36 (2) ◽  
pp. 5-27
Author(s):  
SHENGSONG YUE
Keyword(s):  
Current Literature ◽  
Know How ◽  
The Past ◽  
Global Partnership ◽  
Government Documents ◽  
The Future ◽  
Potential Benefits ◽  
Partnership Network ◽  
Global Influence

In the past 25 years, partnership diplomacy has gradually become an indispensable component in China's grand diplomacy strategy. Between 1993 and the end of 2017, China established more than 100 partnerships with the outside world. To better understand the evolution of China's strategy for diplomacy we need to know how these partnerships are formed and what motivates China to foster its partnership network. Although the importance of this strategy has been identified, the current literature does not yet include significant study of China's partnership network. This article attempts to fill this gap by assessing existing literature on partnership and government documents, interpreting the diversified labels and grades of partnerships, and analysing the network's evolution. It also attempts to estimate possible challenges facing China in the future expansion of its global partnership network. It argues that, although China intends to further extend its global influence and explore potential benefits through its partnerships, because of the challenges ahead its partnership network is still an aspiration rather than a realistic blueprint.

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