Comparative Financial Analysis of Airline Companies: 2013-2016

This report undertakes a comprehensive financial analysis of Turkish Airlines and Lufthansa, spanning the period from 2013 to 2016, employing a range of financial ratios to evaluate their performance. The analysis encompasses profitability ratios (gross profit, operating profit, and net margin), liquidity ratios (current and quick ratios), solvency ratios (debt-to-equity and interest coverage), and efficiency ratios (asset turnover and inventory turnover). The report highlights the fluctuating financial trends of Turkish Airlines, contrasting them with the more consistent performance of Lufthansa. Additionally, the report includes a critical analysis of Emirates Airlines' cash flow statement to assess its cash management practices. The findings offer insights into the financial health, strengths, and weaknesses of each airline, providing a comparative perspective on their operational and financial strategies within the competitive aviation industry. The analysis aims to provide a deep understanding of the financial performance of airlines and their ability to manage financial risks.