Analysis Of The Relationship Between Aircraft Fleet Age And Fuel Expenses
| dc.authorid | 0000-0001-9460-4822 | |
| dc.contributor.author | Atioğlu, Eyup | |
| dc.date.accessioned | 2022-02-14T14:16:32Z | |
| dc.date.available | 2022-02-14T14:16:32Z | |
| dc.date.issued | 2021 | en_US |
| dc.department | Kapadokya Üniversitesi, Uygulamalı Bilimler Yüksekokulu, Havacılık Yönetimi Bölümü | |
| dc.description.abstract | When the operating expenses of airline companies are analyzed proportionally, it is seen that fuel expense is among the most important cost items. As the fuel expenses of airlines increase, their financial performance may be adversely affected and their competitive advantage may be lost. For this reason, it has become essential for airline companies to use all methods that will reduce fuel expenses in increasingly competitive conditions. On the other hand, airline companies with fleets with a lower average age generally operate more efficiently in terms of fuel consumption. In this context, airline operators should carry out planning in an appropriate balance by controlling the effect of fleet age on fuel expenses. In this study, the relationship between aircraft fleet age and fuel expenses was investigated with Johansen cointegration analysis and Vector Error Correction Model for Turkish Airlines. The data set of the study includes 40 observations on a quarterly basis between 2010 and 2019. In the study, a cointegration relationship, which expresses a long-term balance between fuel expenses, which is one of the most important operating expenses of airline companies, and aircraft fleet age, has been determined. The degree of the long-term relationship between the variables was determined by the normalized cointegration equation, and the existence of a longterm positive relationship between the variables was determined. Accordingly, it has been determined that a 1% increase in the average fleet age of Turkish Airlines causes a 6.93% increase in fuel expenses. After the Johansen cointegration analysis, the error correction coefficient was determined as -0.15 according to the error correction model established to determine the deviation in the long-term relationship between the variables. The fact that the mentioned coefficient is between 0 and -1 indicates that short-term fluctuations will converge to the long-term equilibrium. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12695/1469 | |
| dc.institutionauthor | Atioğlu, Eyup | |
| dc.language.iso | en | |
| dc.relation.ispartof | SELJUK SUMMIT 4th INTERNATIONAL SOCIAL SCIENCES CONGRESS | |
| dc.relation.publicationcategory | Konferans Öğesi - Uluslararası - Kurum Öğretim Elemanı | |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | [Keywords Not Available] | |
| dc.title | Analysis Of The Relationship Between Aircraft Fleet Age And Fuel Expenses | |
| dc.type | Conference Object |
