PERFORMANCE OF AIRLINES: TOPSIS ANALYSIS

Purpose- Airline industry is very important for modern society and has a crucial role globalization business development by connecting regions, promoting global trade tourism hence enabling economic social development. Over the last two decades, troubled airlines were oftenly on news delebrating financial difficulties, layouts distrupted sceduled flights. Covid-19 also impact deterioration of due to quarantinas break downs travel business. This empricial research intends analyse rank performance top 11 in Word periods 2019-2020-2021 (Covid era) group these as US Airlines, European Airlines Chinese Airlines. Methodology- study employs TOPSIS method. biggest airline companies are selected total revenue generated 2021. A 18 indicators used measure profitability, liquidity, structure operational efficiency period 2019-2021. Utilizing analysis, scores calculated ranking determined according scores. Findings- United Delta Southwest performers 2019. These have big drop 2020 their ranks 8, 10 7, respectively. The best performer Turkish Also, show fast recovery 2021 2 1, When applied groups (namely; USA based, Europe based China companies), 2019, worst second Meanwhile, Conclusion- shows that Covid era affected profitability significantly. As result study, it observed managed better than companies. Keywords: TOPSIS, multi-criteria decision making, ratios, companies, ranking. JEL Codes: C02, D22, D53