An Emprical Analysis of Working Capital Management of Selected Airline Companies in India
Keywords:
Working Capital, Defensive Assets, Current Ratio, Liquid Ratio, Absolute Liquid RatioAbstract
Aviation industry is one of the key industries in India. It contributes more to the economy and it provides more employment opportunities to people both directly and indirectly. Indigo Ltd, Jet Airways Ltd and Spice Jet Ltd are the Domestic and International Airlines, Efficient Management of Working Capital is essential for any Companies. This study has made an attempt to analyse the working capital efficiency of the three companies for the study period of seven years from 2010-11 to 2016-17. The study found that Indigo Ltd, Jet Airways ltd and Spice Jet also had positive position of working Capital in seven year study period. The ratio analysis of working capital Management of the three companies was satisfactory. The Y-Score model revealed that these three companies good position.
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