@article{ART002103391},
author={정숙엽 and Yoon, Ji-Hwan},
title={A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2016},
volume={40},
number={5},
pages={145-163},
doi={10.17086/JTS.2016.40.5.145.163}
TY - JOUR
AU - 정숙엽
AU - Yoon, Ji-Hwan
TI - A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets
JO - Journal of Tourism Sciences
PY - 2016
VL - 40
IS - 5
PB - The Tourism Sciences Society Of Korea
SP - 145
EP - 163
SN - 1226-0533
AB - Comparison of various characteristics between Full service carriers and Low cost carriers has always been one of the most relevant issues of the current airline industry. This study addresses the differences in the financial characteristics between FSCs and LCCs in the global market, the Korean market, and markets in the Asian Pacific, America, Europe respectively. This was done by analyzing 10 financial ratios (CR, QR, STDR, LTDR, TDR, AT, FAT, ROA, ROE, NPM) from a total of 34 carriers including 20 FSCs and 14 LCCs worldwide for the last 9 years (2005 through 2014). Results indicate that there appear to be no significant differences between the two groups of carriers in terms of profitability in all markets, while LCCs exhibit higher liquidity and asset management (turnover) ratios than FSCs in financial characteristics in the global and Korean markets. This study inceptively includes a wide range of FSCs and LCCs from a total of 34 companies from various markets including Korea, and shows comparison in financial characteristics between the two groups of carriers within the whole market, Korean market, and 3 area markets respectively. As a result, practical references are presented for statistical business decision making in the airline industry.
KW - Full Service Carrier(FSC);Low Cost Carrier(LCC);Financial characteristics;Financial ratios
DO - 10.17086/JTS.2016.40.5.145.163
ER -
정숙엽 and Yoon, Ji-Hwan. (2016). A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets. Journal of Tourism Sciences, 40(5), 145-163.
정숙엽 and Yoon, Ji-Hwan. 2016, "A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets", Journal of Tourism Sciences, vol.40, no.5 pp.145-163. Available from: doi:10.17086/JTS.2016.40.5.145.163
정숙엽, Yoon, Ji-Hwan "A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets" Journal of Tourism Sciences 40.5 pp.145-163 (2016) : 145.
정숙엽, Yoon, Ji-Hwan. A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets. 2016; 40(5), 145-163. Available from: doi:10.17086/JTS.2016.40.5.145.163
정숙엽 and Yoon, Ji-Hwan. "A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets" Journal of Tourism Sciences 40, no.5 (2016) : 145-163.doi: 10.17086/JTS.2016.40.5.145.163
정숙엽; Yoon, Ji-Hwan. A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets. Journal of Tourism Sciences, 40(5), 145-163. doi: 10.17086/JTS.2016.40.5.145.163
정숙엽; Yoon, Ji-Hwan. A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets. Journal of Tourism Sciences. 2016; 40(5) 145-163. doi: 10.17086/JTS.2016.40.5.145.163
정숙엽, Yoon, Ji-Hwan. A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets. 2016; 40(5), 145-163. Available from: doi:10.17086/JTS.2016.40.5.145.163
정숙엽 and Yoon, Ji-Hwan. "A Comparative Analysis of Low Cost Carriers and Full Service Carriers in terms of the Competitiveness of Financial Characteristics by Regional Markets" Journal of Tourism Sciences 40, no.5 (2016) : 145-163.doi: 10.17086/JTS.2016.40.5.145.163