Identifying areas for improving the economic activities of a regional airline

Regional aviation in the North and Arctic plays a key role in the economic development and security of these regions. Its primary objectives include passenger and cargo transportation to remote communities, providing vital social services to northern populations, and charter flights for industrial needs. Regional aviation typically features a significant volume of intraregional flights; however, its development and operations are constrained by the high cost of transportation services, logistical challenges, and harsh weather conditions. In researching this article, various analytical materials were reviewed to identify factors that impact air carrier costs, particularly in light of the specific circumstances of northern regions. Since most factors negatively impacting the profitability of regional airlines are beyond their control and require comprehensive solutions at the national level, organizations themselves should focus on internal aspects of their operations, changes to which can help improve their performance in the short term. The purpose of this study is to explore opportunities to improve the financial position of a regional airline by enhancing its current asset management, as these assets represent a critical component of business operations, ensuring operational continuity and financial stability. An analysis of financial statements and performance indicators revealed that the company can improve its financial performance by optimizing accounts receivable and changing its inventory acquisition algorithm. Calculating and comparing actual and projected indicators that could be achieved by implementing the proposed recommendations demonstrates improved resource utilization, thereby underscoring the practical significance of this study.

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