The ways to increase the profitability of transportation due to modernization
Introduction. The paper is devoted to the problems of Ukrainian aviation enterprises. The paper analyzes the state of the world air transportation market, determines the place of Ukraine on it. The trends in the aviation services market for the first quarter of 2017-2020 are revealed. The urgency and necessity of modernization of Ukrainian enterprises is due to a number of factors: significant structural and technological backwardness, a high degree of depreciation of fixed assets and a significant level of capital and material consumption of equipment; low standard of living and purchasing power of the population; unsatisfactory state of innovation system and market infrastructure. The purpose of the paper is to increase the relative efficiency of the airline by bringing the active part of fixed assets in line with the new conditions and requirements. Results. The fall of the passenger transportation market is determined. The increase in the cost of air cargo was tracked. When studying the current state and trends in the development of the industry, the post-COVID-19 factors were identified, which led to a change in the cost of freight transportation. Conclusion. Taking into account the indicated tendencies and operating conditions in the world market and the Ukrainian air transportation market, an algorithm for modernization is proposed, within the framework of which the tactical goals of the aviation enterprise are indicated, the result of the implementation of which should be an increase in the profitability of freight traffic. The results of the work of theoretical and practical aspects of modernization of air cargo in Ukraine gave grounds to draw the following conclusions: modernization of Ukrainian airlines should be carried out at the micro level in order to increase the profitability of operating activities; the level of profitability of the airline can be influenced by both internal and external factors; the change in the coefficient depends on the general economic situation of the country or the world, the level of inflation, the devaluation of the national currency, organizational and technical problems in production, the volume of services sold, etc.