Research On The Influence Of Airline Ownership Structure On Business Performance

As the key point of airlines company management,different ownership structures will form different airlines company management and also have different effects.With the development of society,the ownership structure has a very important significance and impact on the sustainable development of the airlines company.This article combines domestic and foreign literature for analysis,and on the basis of clarifying the relevant concepts and theories,taking the airline as the research object.first of all,clarify the current situation of the airlines company’s equity structure based on equity concentration and equity attributes,analyze the current situation of operating performance based on solvency,operating ability,profitability and growth ability,Starting from the general nature and industry nature,clarify the relationship between the airlines company’s equity structure and business performance.Secondly,establish a new statistical model through sample selection and data selection,the empirical analysis of the equity structure and operating performance of airlines was carried out,and Air China Limited,China Southern Airlines Company Limited,China Eastern Airlines Corporation Limited,Hainan Airlines Holding Co.,Ltd,Juneyao Airlines Co.,Ltd and Spring Airlines Co,.LTD were selected as the research samples.Third,the results of the study prove that for the sustainable development of airlines,the equity structure should not change too much,and there was a significant difference between the average shareholding ratio of the largest shareholder and the top five shareholders,The equity is not dominated by the largest shareholder,but mainly controlled by the top five shareholders.These shareholders can fully control the enterprise,and the equity structure has certain checks and balances.The shareholding ratio of the largest shareholder and operating performance show the same change relationship,but the relationship is not significant.The proportion of state-owned shares of China’s airlines has no significant correlation with operating performance.Fourth,using the exponential smoothing model,the aircraft fleet SIZE the number of passengers transported,the C-CSI satisfaction,the passenger seat rate and the on-time arrival rate from 2023 to 2025 are predicted and analyzed.Finally,according to the empirical results,combined with the characteristics of the airline’s equity structure,targeted optimization measures are proposed.