Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Research on the Chinese Aviation Industry Financial Problems and Suggestions During COVID-19 Pandemic—Take China Southern as an Example

Authors
Shaofeng Zhang
1Guangzhou College of Technology and Business, School of Management, Guangzhou,China, 51000
*Corresponding author. Email: 1641986657@qq.com
Corresponding Author
Shaofeng Zhang
Available Online 15 December 2021.
DOI
https://doi.org/10.2991/assehr.k.211209.538How to use a DOI?
Keywords
China Southern; Financial Situation; COVID-19
Abstract

Due to the extensive blockade caused by the COVID-19 pandemic, the financial situation of Chinese airlines has deteriorated. This paper mainly adopts the methods of literature research and case study. Through literature reading, this paper studies the development of the COVID-19 and the impact of the pandemic on the aviation industry. With the case study, China Southern was selected as the study case and the financial data for 2018-2021 was selected. The data comes from the company’s annual report and the Wind database. The research finds that China Southern has problems such as high debt repayment risk, reduced profitability and weakened development ability and puts forward suggestions including stabilizing cash flow, reducing operating costs, actively innovating products, and expanding its own business, hoping to help the company overcome the development difficulties and wait for the aviation industry to fully recover. The case of China South are relatively representative for Chinese aviation industry which can reflect how a typical china aviation company reacts to such an unprecedented global crisis. The in depth analysis of financial situation provides referential information on how pandemic crisis has influenced China Southern, by analyzing its financial status and financial difficulties, and proposes corresponding solutions.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
https://doi.org/10.2991/assehr.k.211209.538How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Shaofeng Zhang
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Chinese Aviation Industry Financial Problems and Suggestions During COVID-19 Pandemic—Take China Southern as an Example
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 3299
EP  - 3304
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.538
DO  - https://doi.org/10.2991/assehr.k.211209.538
ID  - Zhang2021
ER  -