Research On The Impact Of The New Leasing Standards On Juneyao Airlines' Financial Performanc

In order to solve the problem of many companies hiding a large amount of operating lease debts off the balance sheet,thereby whitewashing the financial statements of the company.The International Accounting Standards Board(IASB)issued International Financial Reporting Standard No.16-Leases(IFRS 16)in2016 and officially began to implement it in 2019.In addition,in order to improve China’s leasing market,truthfully reflect the financial information of enterprises,protect the interests of investors,and maintain consistency with international standards,the Ministry of Finance of China issued "Enterprise Accounting Standard No.21-Leasing"(CAS 21)in 2018.CAS 21 requires lessees to include operating leases in their balance sheets,achieving an accounting treatment of "two leases in one".This change not only affects the financial information disclosure of enterprises,but may also have a profound impact on their financial and operational activities.The number of civil aviation aircraft in China is close to4000,of which over 50% are leased aircraft.After the issuance of the new leasing standards,operating leases are required to be included in the financial statements,and the existing advantages of major airlines are no longer present.Therefore,in the future,how airlines should respond to the new leasing standards through corresponding financial and operational strategies has become an urgent issue for them to consider.This article uses literature research,case analysis,and comparative analysis methods to take June Yao Air,a typical low-cost airline in China,as a case company,while analyzing other airlines as comparative objects.Based on the differences between the new and old standards,this article studies the impact of the implementation of the new leasing standards on June Yao Air’s accounting treatment,financial indicators,financial risks,and other aspects.Research has found that June Yao Air has been impacted by the new leasing standards,resulting in reduced operational stability,increased financial risks,and increased financing pressure for the company.However,there has been progress in disclosing accounting information quality.And provide targeted suggestions for June Yao Air to better cope with the impact of the new leasing standards in the future.