Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | CAFI (São Paulo) |
Texto Completo: | https://revistas.pucsp.br/index.php/CAFI/article/view/36957 |
Resumo: | This article presents an analysis of the Brazilian commercial aviation market. The interest in research consists in the fact that the concentrate, that is, with few players. By means of a case study, we used reported information, accounting statements and other data, which enabled metrics to analyze the profitability / profitability of the Companies. It was observed that the business and economic planning of these companies and their managers can adapt quickly to jet fuel costs (QAV1), with price changes in all national airports due to the variation of the ICMS rate. The high cost of QAV1 in Brazil is refined and made available by Petrobras and distributed by three companies, the main a subsidiary of BR Distribuidora Petroleum, with 61.4% of the market and belonging to the Petrobras group. By convention with international aviation companies, the price of QAV1 in Brazil is exempt from ICMS, but nonetheless, it is high, in relation to the values practiced externally. The bureaucracy and costs penalize the operations and economic uncertainties, with low GDP growth in Brazil and the need to reduce the total number of aircraft in operation and Slot (airports served). Revenues in reais and leasing of aircraft in dollars exposes them to greater risks. Companies do not create options to reduce the main cost - QAV1 - even when the import is released. The low oil commodity was not predicted by the companies. reduction has not allowed for greater profits in the year. Even with the increase in the number of passengers transported, the expected economic-financial profitability is not obtained, resulting in the destruction of wealth in the operation. |
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Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. AerialsEstudo de caso: análise financeira da rentabilidade no transporte aéreo baseado em informações públicas e sua relação com o custo do petróleo no resultado operacional das cias. aéreasThis article presents an analysis of the Brazilian commercial aviation market. The interest in research consists in the fact that the concentrate, that is, with few players. By means of a case study, we used reported information, accounting statements and other data, which enabled metrics to analyze the profitability / profitability of the Companies. It was observed that the business and economic planning of these companies and their managers can adapt quickly to jet fuel costs (QAV1), with price changes in all national airports due to the variation of the ICMS rate. The high cost of QAV1 in Brazil is refined and made available by Petrobras and distributed by three companies, the main a subsidiary of BR Distribuidora Petroleum, with 61.4% of the market and belonging to the Petrobras group. By convention with international aviation companies, the price of QAV1 in Brazil is exempt from ICMS, but nonetheless, it is high, in relation to the values practiced externally. The bureaucracy and costs penalize the operations and economic uncertainties, with low GDP growth in Brazil and the need to reduce the total number of aircraft in operation and Slot (airports served). Revenues in reais and leasing of aircraft in dollars exposes them to greater risks. Companies do not create options to reduce the main cost - QAV1 - even when the import is released. The low oil commodity was not predicted by the companies. reduction has not allowed for greater profits in the year. Even with the increase in the number of passengers transported, the expected economic-financial profitability is not obtained, resulting in the destruction of wealth in the operation.Este artigo apresenta análise do mercado brasileiro da aviação comercial. O interesse pela pesquisa consiste no fato de que o concentrado, ou seja, com poucos players. Por meio de estudo de caso, utilizou-se informações reportadas, demonstrações contábeis e outros dados, que possibilitaram métricas para analisar a lucratividade / rentabilidade das Cias. Observou-se que o planejamento empresarial e econômico dessas empresas e seus gestores conseguem adaptar-se rapidamente aos custos do querosene de aviação (QAV1), com variações de preços em todos os aeroportos nacionais em virtude da variação da alíquota do ICMS. O alto custo do QAV1 no Brasil é refinado e disponibilizado pela Petrobrás e distribuído por 3 empresas, sendo a principal uma subsidiaria da BR Distribuidora de Petróleo, com 61,4% do mercado e pertencente ao grupo Petrobrás. Pela convenção com empresas internacionais de aviação, o preço do QAV1 no Brasil é isento do ICMS, mas mesmo assim, é alto, em relação aos valores praticados externamente. A burocracia e os custos penalizam as operações e as incertezas econômicas, com o baixo crescimento do PIB brasileiro e a necessidade de redução do total de aeronaves em operação e dos Slot (aeroportos atendidos). mesmo com taxas de juros externas negativas. As receitas em reais e o leasing das aeronaves em dólar, expõe a riscos maiores. As empresas não criam opções para redução do principal custo - QAV1 - mesmo com a importação liberada. A baixa da commodity petróleo não foi prevista pelas Cias. aéreas e sua redução não tem possibilitado lucros maiores no exercício. Mesmo com o aumento da quantidade de passageiros transportados, não se obtém a rentabilidade econômica – financeira esperada, resultando em destruição de riqueza na operação.Pontifícia Universidade Católica de São Paulo - PUC/SP2018-01-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.pucsp.br/index.php/CAFI/article/view/3695710.23925/cafi.v1i1.36957CAFI; Vol. 1 No. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 138CAFI; Vol. 1 Núm. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 138CAFI ; v. 1 n. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 1382595-17502595-175010.23925/cafi.v1i1reponame:CAFI (São Paulo)instname:Pontifícia Universidade Católica de São Paulo (PUC-SP)instacron:PUC_SPporhttps://revistas.pucsp.br/index.php/CAFI/article/view/36957/25184Copyright (c) 2018 CAFI - Contabilidade, Atuária, Finanças & Informaçãoinfo:eu-repo/semantics/openAccessScholz, Luiz Fernando de BarrosSantos, Fernando de Almeida2020-07-31T00:37:12Zoai:ojs.pkp.sfu.ca:article/36957Revistahttps://revistas.pucsp.br/index.php/CAFI/indexPRIhttps://revistas.pucsp.br/index.php/CAFI/oainvg@galegale.com.br||2595-17502595-1750opendoar:2020-07-31T00:37:12CAFI (São Paulo) - Pontifícia Universidade Católica de São Paulo (PUC-SP)false |
dc.title.none.fl_str_mv |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials Estudo de caso: análise financeira da rentabilidade no transporte aéreo baseado em informações públicas e sua relação com o custo do petróleo no resultado operacional das cias. aéreas |
title |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
spellingShingle |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials Scholz, Luiz Fernando de Barros |
title_short |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
title_full |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
title_fullStr |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
title_full_unstemmed |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
title_sort |
Case Study: Financial Analysis of Profitability in air Transport Based on Public Implications and its Relation to the Cost of Petroleum in the Operational Result of the cias. Aerials |
author |
Scholz, Luiz Fernando de Barros |
author_facet |
Scholz, Luiz Fernando de Barros Santos, Fernando de Almeida |
author_role |
author |
author2 |
Santos, Fernando de Almeida |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Scholz, Luiz Fernando de Barros Santos, Fernando de Almeida |
description |
This article presents an analysis of the Brazilian commercial aviation market. The interest in research consists in the fact that the concentrate, that is, with few players. By means of a case study, we used reported information, accounting statements and other data, which enabled metrics to analyze the profitability / profitability of the Companies. It was observed that the business and economic planning of these companies and their managers can adapt quickly to jet fuel costs (QAV1), with price changes in all national airports due to the variation of the ICMS rate. The high cost of QAV1 in Brazil is refined and made available by Petrobras and distributed by three companies, the main a subsidiary of BR Distribuidora Petroleum, with 61.4% of the market and belonging to the Petrobras group. By convention with international aviation companies, the price of QAV1 in Brazil is exempt from ICMS, but nonetheless, it is high, in relation to the values practiced externally. The bureaucracy and costs penalize the operations and economic uncertainties, with low GDP growth in Brazil and the need to reduce the total number of aircraft in operation and Slot (airports served). Revenues in reais and leasing of aircraft in dollars exposes them to greater risks. Companies do not create options to reduce the main cost - QAV1 - even when the import is released. The low oil commodity was not predicted by the companies. reduction has not allowed for greater profits in the year. Even with the increase in the number of passengers transported, the expected economic-financial profitability is not obtained, resulting in the destruction of wealth in the operation. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-01-02 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistas.pucsp.br/index.php/CAFI/article/view/36957 10.23925/cafi.v1i1.36957 |
url |
https://revistas.pucsp.br/index.php/CAFI/article/view/36957 |
identifier_str_mv |
10.23925/cafi.v1i1.36957 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistas.pucsp.br/index.php/CAFI/article/view/36957/25184 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2018 CAFI - Contabilidade, Atuária, Finanças & Informação info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2018 CAFI - Contabilidade, Atuária, Finanças & Informação |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Pontifícia Universidade Católica de São Paulo - PUC/SP |
publisher.none.fl_str_mv |
Pontifícia Universidade Católica de São Paulo - PUC/SP |
dc.source.none.fl_str_mv |
CAFI; Vol. 1 No. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 138 CAFI; Vol. 1 Núm. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 138 CAFI ; v. 1 n. 1 (2018): CAFI - Contabilidade, Atuária, Finanças & Informação; 119 - 138 2595-1750 2595-1750 10.23925/cafi.v1i1 reponame:CAFI (São Paulo) instname:Pontifícia Universidade Católica de São Paulo (PUC-SP) instacron:PUC_SP |
instname_str |
Pontifícia Universidade Católica de São Paulo (PUC-SP) |
instacron_str |
PUC_SP |
institution |
PUC_SP |
reponame_str |
CAFI (São Paulo) |
collection |
CAFI (São Paulo) |
repository.name.fl_str_mv |
CAFI (São Paulo) - Pontifícia Universidade Católica de São Paulo (PUC-SP) |
repository.mail.fl_str_mv |
nvg@galegale.com.br|| |
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1797069023190450176 |