EFFICIENCY ANALYSIS OF AIRLINES USING DEA MODEL
Aleksandra Marcikic Horvat, Assistant Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
Kristina Budimcevic, PhD
Etihad Airways, Khalifa City A,P.O. Box 35566, Abu Dhabi, UAE
DOI: https://doi.org/10.31410/tmt.2018.221
Aleksandra Marcikic Horvat, Assistant Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
Kristina Budimcevic, PhD
Etihad Airways, Khalifa City A,P.O. Box 35566, Abu Dhabi, UAE
DOI: https://doi.org/10.31410/tmt.2018.221
3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia; ISBN 978-86-80194-14-1; Editors: Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: Due to deregulation and dynamic development of the air transport in the recent decades, the concept of performance evaluation and efficiency measurement has been given an increasing attention. The main goal of this paper is to use Data Envelopment Analysis to compare the efficiency of nine airlines using multiple inputs and outputs. The results of the analysis showed that Croatian Airlines, Lufthansa, Singapore Airlines and Emirates Airlines have the best ratio of the selected inputs and outputs and thus they are achieving maximum efficiency compared to the other airlines included in the analysis.
Keywords: Data Envelopment Analysis, Efficiency Analysis, Airlines
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