Operating Performance Analysis of Gol and Ryanair Airlines

Autores

  • Vladimir Damiani Caridá USP
  • Roni Cleber Bonizio USP

DOI:

https://doi.org/10.7213/rebrae.v11i2.23775

Palavras-chave:

Air travel. Operating performance. Gol. Ryanair.

Resumo

This paper aimed to identify the main differences in the operating revenue and expense management of two airline companies:  the Brazilian one, Gol (Gol Linhas Aéreas Inteligentes S.A.) and the Irish one, Ryanair (Ryanair Holdings plc). Even though both companies have a low-cost profile, Gol has been suffering in applying this strategy, while Ryanair has been growing year after year.  To carry this paper out, financial statements from 2012 to 2016 were used, applying an approach of decomposition of return on investment and expenses regarding fuel and wages.  While Gol is used to presenting operating loss, Ryanair stands out due to recurring profits and high occupancy rates.  The results showed that Gol can raise, per seat/km, a much higher revenue volume than Ryanair, nevertheless, its operating expenses per seat/km are even higher, burning up all the revenue and generating operating loss.  The analysis carried out evinces the main causes of such differences in the results of both companies.

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Biografia do Autor

Vladimir Damiani Caridá, USP

Graduated in Business Economics and Controllership - College of Economics, Administration and Accounting in Ribeirão Preto of the University of São Paulo, Ribeirão Preto, SP, Brazil. E-mail: [email protected]

Roni Cleber Bonizio, USP

Doctor in Accounting, Professor at the Accounting Department of the Economics, Administrations and Accounting in Ribeirão Preto of the University of São Paulo, Ribeirão Preto, SP, Brazil. E-mail: [email protected]

Referências

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Publicado

2018-08-17

Como Citar

Caridá, V. D., & Bonizio, R. C. (2018). Operating Performance Analysis of Gol and Ryanair Airlines. REBRAE, 11(2), 242–257. https://doi.org/10.7213/rebrae.v11i2.23775

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Articles