Analysis of Z Score for BSE Listed Airline Companies in India
Keywords:
Altman’s Z Score, Airline Industry, BSE, Bankruptcy Prediction.Abstract
The research paper focuses on calculating the Altman’s Z score for bankruptcy prediction for the airline industry in India. The modified Z Score for non manufacturing companies is used for analysis. 6 listed companies namely Jagson Airlines, TAAL enterprises, Global Vectra Helicorp, Spice Jet, Jet Airways, IndiGo Airways and the government owned Air India is considered for analysis. The Z scores for three preceeding years is calculated and analysed. The research paper states that the overall aviation sector is in financial distress . Only IndiGo airways is in the safe zone with a Z score of more than 2.9. All other companies are in financial distress.Downloads
References
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