The aim of this study is to investigate which financial variables increases or decreases the risk bankruptcy airlines during periods crisis when there a possibility distress. In study, that affect distress in and were analyzed. framework data from 35 examined. We employed Altman (1968) Z-score, Springate (1978) S-score Zmijewski (1984) J-score prediction models. findings indicate times crisis, ...

The U.S. airline industry went through tremendous turmoil in the early 2000’s. There were four major bankruptcies and two major mergers, with all legacy carriers reporting a large profit reduction. This paper presents a structural model of the airline industry, and estimates the impact of demand and supply changes on profitability. We find that, compared with the late 1990s, in 2006, a) air-tra...

The ongoing adoption of cyber-physical systems and the Internet of Things (IoT) is accompanied by incredible business process improvements fueled by ground-breaking innovations. Industry 4.0 with smart factories, smart supply chains and smart customer experience has become reality. And Industry 4.0 is also driving business process innovation. This paper deals with the design and governance of t...

Based upon the needs of industry, academia is producing a growing number of decision-making models and tools for maintenance and asset management. At the same time the amount of data available for companies is overwhelming and unorganized, as our previous research and experience have shown. The acquisition of relevant input data for these models can be time consuming, prone to error and often d...