Fuel Efficiency in Aircraft and its Financial Performance with Reference to Indian Airline Companies
Pradnya B. Bansod1, Sanjaykumar Gaikwad2
1Pradnya Bansod, Research Scholar, Department of Managemnt, Savitribai Phule Pune University, Pune (Maharashtra), India.
2Dr. Sanjay Gaikwad, Principal, PVG’s College of Science, Pune (Maharashtra), India.
Manuscript received on 12 February 2020 | Revised Manuscript received on 28 February 2020 | Manuscript Published on 10 March 2020 | PP: 128-131 | Volume-9 Issue-4S March 2020 | Retrieval Number: D10220394S20/2020©BEIESP | DOI: 10.35940/ijitee.D1022.0394S20
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Abstract: The Airline business is mostly depended on aircrafts as aircrafts are most important asset for a company. The main focus of airline is to utilize the fuel efficiently as it is the biggest cost for a company. Hence utilizing fuel efficient aircraft becomes a necessity. This paper has an objective to study the aircrafts used by airline companies and which aircraft is found out to be most profitable to Indian airline context. The research is based on secondary data taken form authentic sources and analyzed using various methods. The conclusion is based on various calculation and comparison done on the data and observations. The research is in the context of Indian airline companies.
Keywords: Fuel Efficiency Aircrafts, Airline Business, Financial Performance of Aircrafts, Performance of Airlines.
Scope of the Article: Financial and Scientific Applications of All Kind