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Performance Evaluation in Airline Operations Using SD and DNMA Methods Within The Framework of Sustainability: The Case of Turkish Airlines

Year 2025, Volume: 9 Issue: 1, 156 - 167, 26.02.2025
https://doi.org/10.30518/jav.1591007

Abstract

Sustainability is essential in enabling enterprises to secure a competitive advantage and achieve long-term success. The sustainability activities of airline operations stand out in the evaluation of their performance alongside all other operational activities. Therefore, understanding how sustainability strategies affect performance in airline operations is a matter of significant concern for managers. This study aims to evaluate the performance of airline companies, particularly focusing on sustainability, using the example of Turkish Airlines (THY). In this study, the SD and DNMA methods, which are multi-criteria decision-making methods, were employed for performance evaluation. The weights of the criteria were determined using the SD method, and THY's performance between 2018 and 2022 was evaluated using the DNMA method. According to the analysis results, the three most important criteria are 'Sustainability Rating,' 'Load Factor,' and 'Number of Passengers,' with 2022 identified as the most successful performance year for THY. This study contributes to the literature by integrating sustainability performance in airline operations with both financial and non-financial indicators and by utilizing the SD and DNMA methods in an integrated manner. It is believed that the study provides significant contributions to the evaluation of sustainability practices' performance and can guide future sustainable strategies for THY and airline company managers.

References

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Year 2025, Volume: 9 Issue: 1, 156 - 167, 26.02.2025
https://doi.org/10.30518/jav.1591007

Abstract

References

  • Abdi, Y., Li, X., and Càmara-Turull, X. (2020). Impact of sustainability on firm value and financial performance in the air transport industry. Sustainability, 12(23), 9957.
  • Abdi, Y., Li, X., and Càmara-Turull, X. (2021). Exploring the impact of sustainability (ESG) disclosure on firm value and financial performance (FP) in airline industry: the moderating role of size and age. Environment, Development and Sustainability, 24, 5052 - 5079.
  • Akgün, M., and Soy Temür, A. (2016). BIST Ulaştırma Endeksine Kayıtlı Şirketlerin Finansal Performanslarının TOPSİS Yöntemi İle Değerlendirilmesi (Evaluation of Financial Performance With Topsis Method of Companies Which Are Listed In Transportation Index In The Istanbul Stock Exchange), Uluslararası Yönetim İktisat ve İşletme Dergisi, 30, 173-186.
  • Aksoy, M. (2020). Kurumsal sürdürülebilirlik performansı ve marka performansı arasındaki ilişki. Borsa İstanbul Örneği (Relationship between corporate sustainability performance and brand performance: evidence from borsa istanbul), Research Journal of Business and Management, 7(3), 139-148,
  • Asker, V. (2018). Veri Zarflama Analizi ile Finansal ve Operasyonel Etkinlik Ölçümü: Geleneksel Havayolu İşletmelerinde Bir Uygulama (Analysis of Financial and Operational Efficiency with Data Envelopment Analysis: An Application in Traditional Airlines Operations). Anadolu Üniversitesi Sosyal Bilimler Dergisi, 18(1), 153-172.
  • Asker, V. (2021) Düşük Maliyetli Havayolu İşletmelerinde Bulanık Veri Zarflama Analizi İle Finansal Ve Operasyonel Etkinlik Ölçümü (Measurement Of Financial And Operational Efficiency With Fuzzy Data Envelopment Analysis In Low-Cost Airline Companies). Dicle Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 12(23), 1-25.
  • Asker, V., and Kiracı, K. (2022). Sustainability and Financial Performance: Examining the Airline Industry. In Corporate Governance, Sustainability, and Information Systems in the Aviation Sector, Volume I (pp. 73- 92). Singapore: Springer Nature Singapore.
  • Avcı, T., and Çınaroğlu, E. (2018). Ahp Temelli Topsıs Yaklaşımı İle Havayolu İşletmelerinin Finansal Performans Değerlemesi(Financial Performance Evaluation of Airline Companies by AHP Based TOPSIS Approach). Cumhuriyet Universitesi Journal Of Economics and Administrative Sciences (Jeas), 19(1).
  • Ay, Z., Seçme, Z. O., and Topcu, N. (2023). Sürdürülebilirlik Performansı Kovid-19 Salgını Sırasında Havayolu Şirketlerinin Finansal Performansını Nasıl Etkilemiştir?( How Does Sustainability Performance Affect The Financial Performance of Airline Companies During The Covid-19 Pandemic?). İşletme Araştırmaları Dergisi, 15(2), 988-1002.
  • Aydın, Y. (2020). A hybrid multi-criteria decision making (MCDM) model consisting of SD and COPRAS methods in performance evaluation of foreign deposit banks. Equinox Journal of Economics Business and Political Studies, 7(2), 160-176.
  • Aydoğan, E. K. (2011). Performance measurement model for Turkish aviation firms using the rough-AHP and TOPSIS methods under fuzzy environment. Expert Systems with Applications, 38, 3992-3998.
  • Badi, I., and Abdulshahed, A. (2019). Ranking the Libyan airlines by using full consistency method (FUCOM) and analytical hierarchy process (AHP). Operational Research in Engineering Sciences: Theory and Applications, 2(1), 1-4,
  • Bağcı, H. ve Yiğiter, Ş. Y. (2019). Bist’te Yer Alan Enerji Şirketlerinin Finansal Performansının Sd ve Waspas Yöntemleriyle Ölçülmesi(Measurement Of Financial Performance Of Energy Companies In Bist By Sd And Waspas Methods). Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 9(18), 877-898.
  • Barros, C. P., and Wanke, P. (2015), An analysis of African airlines efficiency with two-stage TOPSIS and neural networks, Journal of Air Transport Management, 44, 90- 102.
  • Bilgili, M. Y. (2017). Ekonomik, Ekolojik Ve Sosyal Boyutlarıyla Sürdürülebilir Kalkınma(Economic, Ecological And Social Dimensions Of Sustainable Development). Journal of International Social Research, 10(49). 559-569
  • Brammer, S., Brooks, C., and Pavelin, S. (2006). Corporate social performance and stock returns: U.K. evidence from disaggregate measures. Financial Management, 35(3), 97–116.
  • Çakar, U. (2007). Çevreci Şirket ve Çevre Muhasebesi(Environmentalist Firm And Environmental Accounting), Mali Çözüm Dergisi, Eylül-Ekim, 83, 81-94.
  • Demir, G. (2022). Hayat dışı sigorta sektöründe kurumsal performansın Psi-Sd tabanlı Mabac metodu ile ölçülmesi: Anadolu sigorta örneği(Measurement of Corporate Performance in Non-Life Insurance Sector by PSI-SD Based MABAC Method: Anadolu Sigorta Case). Ekonomi Politika ve Finans Araştırmaları Dergisi, 7(1), 112-136.
  • Dyllick, T., and Hockerts, K. (2002). Beyond the business case for corporate sustainability. Business strategy and the environment, 11(2), 130-141.
  • Ecer, F., and Zolfani, S. H. (2022). Evaluating economic freedom via a multi-criteria MEREC-DNMA model- based composite system: case of OPEC countries. Technological and Economic Development of Economy, 28(4), 1158-1181.
  • Eryılmaz, G. A., Kılıç, O., and Boz, İ. (2019). Türkiye’de organik tarım ve iyi tarım uygulamalarının ekonomik, sosyal ve çevresel sürdürülebilirlik açısından değerlendirilmesi(Evaluation of Organic Agriculture and Good Agricultural Practices in Terms of Economic, Social and Environmental Sustainability in Turkey). Yuzuncu Yıl University Journal of Agricultural Sciences, 29(2), 352-361.
  • Glasby, G.P. (2002) Sustainable development: The need for a new paradigm. Environment, Development and Sustainability, 4, 333–34.
  • Goodland, R. (1995). The concept of environmental sustainability. Annual review of ecology and systematics, 26(1), 1-24.
  • Goodland, R. (2002). Sustainability: human, social, economic and environmental. Encyclopedia of global environmental change, 5, 481-491.
  • Güney, S. & Dinler, S. (2021). Sustainability Reports Frames & GRI-Specific Standard Disclosures Series: Evaluation of The Turkish Airlines 2018- 2019 Sustainability Reports. Anadolu University Journal of Faculty of Economics, 3 (2),
  • Heydari, C., Omrani, H., and Taghizadeh, R. (2020). A fully fuzzy network DEA-range adjusted Measure model for evaluating airlines efficiency: a case of Iran. Journal of Air Transport Management, 89(6), 1-18. 73-186.
  • Hezam., I, M., Mishra, A., R., Rani, P., Cavallaro, F., Saha, A., Jabir, Ali, J., Strielkowski, W., Streimikiene, D. (2022). A Hybrid Intuitionistic Fuzzy-MEREC-RS-DNMA Method for Assessing the Alternative Fuel Vehicles with Sustainability Perspectives. Sustainability, 14(9), 5463.
  • Işık, Ö. (2020). Sd Tabanlı Mabac ve Waspas yöntemleriyle kamu sermayeli kalkınma ve yatırım bankalarının performans analizi(Performance analysis of development and investment banks with sd based mabac and waspas methods). Uluslararası İktisadi ve İdari İncelemeler Dergisi, (29), 61-78.
  • Kalia, D., and Aggarwal, D. (2023). Examining impact of ESG score on financial performance of healthcare companies. Journal of Global Responsibility, 14(1), 155-176.
  • Karaköy, Ç., Çakmaktepe, N. E., and Ulutaş, A. (2023). Eski SSCB Ülkelerinin Ekonomik Özgürlük Endekslerinin SD ve CoCoSo Yöntemleri ile Analizi(Analysis of Economic Freedom Indexes of the Former USSR Countries with SD and CoCoSo Methods). İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi, 10(1), 276-290.
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There are 67 citations in total.

Details

Primary Language English
Subjects Air Transportation and Freight Services
Journal Section Research Articles
Authors

Didem Göçmen 0000-0002-3939-441X

Murat Kemal Keleş 0000-0003-0374-6839

Aşkın Özdağoğlu 0000-0001-5299-0622

Early Pub Date February 24, 2025
Publication Date February 26, 2025
Submission Date November 25, 2024
Acceptance Date February 8, 2025
Published in Issue Year 2025 Volume: 9 Issue: 1

Cite

APA Göçmen, D., Keleş, M. K., & Özdağoğlu, A. (2025). Performance Evaluation in Airline Operations Using SD and DNMA Methods Within The Framework of Sustainability: The Case of Turkish Airlines. Journal of Aviation, 9(1), 156-167. https://doi.org/10.30518/jav.1591007

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