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Academic Journal of Business & Management, 2022, 4(2); doi: 10.25236/AJBM.2022.040201.

Airlines Benchmarking Analysis based on Financial Performance-Emirates, Southwest Airlines, Singapore Airlines and Lufthansa


Shuqi Cui*, Zongwei Li

Corresponding Author:
Shuqi Cui

College of Commerce and Circulation, Shaanxi Polytechnic Institute, Xianyang 712000, China


*Corresponding author 


This report mainly focuses on financial performance of airlines before and after COVID-19 pandemic, giving analysis of essential indicators based on comparison between selected airlines and industry average performance. The impact of COVID-19 pandemic since 2020 is mentioned in each part. Firstly, it provides an overview of four selected airlines, Emirates, Southwest Airlines, Singapore Airlines and Lufthansa. Then the geographic analysis of airlines is given. Following this, this report compares the performance of the airlines on main financial indicators in recent years respectively, including unit cost, yield, load factor, break-even load factor, employee productivity and aircraft productivity. In the next section, some other indicators such as EBIT margin, Debt/equity ratio and Current ratio are listed. Finally, limitations of the report are discussed in the conclusion part.


benchmarking analysis, airlines, financial performance, COVID-19 pandemic

Cite This Paper

Shuqi Cui, Zongwei Li. Airlines Benchmarking Analysis based on Financial Performance-Emirates, Southwest Airlines, Singapore Airlines and Lufthansa. Academic Journal of Business & Management (2022) Vol. 4, Issue 2: 1-9. https://doi.org/10.25236/AJBM.2022.040201.


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