The Financial Performance of Selected EU Air Carriers Before and After Introduction of IFRS

The Financial Performance of Selected EU Air Carriers Before and After Introduction of IFRS

Author: admin zant

The financial performance of European airlines appears to be

improving faster under International Financial Reporting

Standards (IFRS) when compared with local European Union

Generally Accepted Accounting Principles (GAAP). This paper

examines how the accounting standards impact the financial

performance of the selected EU airlines. Each of the eleven EU

airlines operated in European countries and joined the European

Union before 2001. The researcher collected data from the

financial statements for the years 2001-2008. As the year of IFRS

convergence was 2005, the years 2001-2004 represent the pre-
IFRS convergence period, and the years 2005-2008 represent

the post-IFRS convergence period. The selected profitability

indicators were employed to measure the efficiency, productivity,

and return on investments for these entities. The resulting data

analysis provides evidence that the accounting system does not

impact the profitability of the selected airlines.

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