Influence of the Crisis on the Cost Management Process in the Airline in the Conditions of Uncertainty of the Financial Result

DOI

10.2991/assehr.k.201105.007How to use a DOI?

Keywords

costs, net cost, breakeven point, optimization, money flows

Abstract

The relevance of the study topic is determined by the high importance of rational cost management for the successful functioning of airlines in the event of a crisis and uncertainty of financial results. Today, one of the important factors, that determine the ability of firms, their seeking to supply products to the market, and provide services, are the costs (expenses) of production and sales. In the conditions of the transition of the Russian Federation to a model of a market economy, the issue of minimizing the expenses of an enterprise is becoming more and more relevant, since, in a market economy, each enterprise tries to use its finances as efficiently as possible to make a profit. In the past few years, there has been a tendency of growth in the costs of enterprises, associated with an increase in the cost of materials, raw materials, an increase in the cost of energy sources, etc. For this reason, market relations require the improvement of the cost management complex at enterprises, taking into account their industry characteristics and existing international and Russian experience, which, in turn, will help companies to increase the efficiency of their work in a competitive environment, i.e. maximize profits and minimize costs to ensure high profitability of their business. For this, enterprises need to conduct a competent analysis of their expenses, charges, analyze various types of costs, and take measures to minimize and optimize them. The relevance of the topic lies in the fact, that in modern conditions of economic development, it is necessary to pay special attention to reducing and optimizing the costs of an enterprise. The subject of this study is the economic relations, arising in the process of cost management at “Ural Airlines” and their influence on financial results in the event of a crisis and uncertainty.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - L.I. Yuzvovich
AU  - V.A. Mironenko
AU  - G.A. Solodyankina
PY  - 2020
DA  - 2020/11/06
TI  - Influence of the Crisis on the Cost Management Process in the Airline in the Conditions of Uncertainty of the Financial Result
BT  - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020)
PB  - Atlantis Press
SP  - 29
EP  - 38
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201105.007
DO  - 10.2991/assehr.k.201105.007
ID  - Yuzvovich2020
ER  -