Financial Performance Evaluation of Airline Companies with Fuzzy AHP and Grey Relational Analysis Methods

Air transport is an essential part of the transportation sector to provide speed, reliability and economic advantage. It possible say that; companies operating in aviation have a financially fragile structure. There are many airline world Turkey. In this study five from EU member states Turkey, including Turkish Airlines (THY), British Airways, France KLM, Lufthansa Ryanair’s financial performance 2012-2018 period were evaluated. To determine importance criteria, which determined according literature, eight different expert opinions taken weights criteria expert’s with Fuzzy Analytical Hierarchy Process (FAHP) method. The rankings realized Grey Relational Analysis (GRA) When looking at analysis results 2018, company best was as THY. followed by Ryanair Lufthansa, respectively. study, Spearman correlation method applied GRA. interpreted statistically, Kendall's Tau test examine relationship between number flight destinations companies.