Key factors of financial resilience in the market segment of full service carriers in crises

This thesis focuses on a detailed analysis of the financial resilience factors within the airlines of the full-service market segment. The thesis is based on exploring the factors that enable airlines to manage and recover from disruptions effectively. By examining the airline industry's response to the disruptions, the thesis shows important elements such as financial stability, operational agility, strategic foresight, and important management methodologies to survive crises. Additionally, important factors and important strategies and scenarios will be shown to survive and to be resilient within crises. Furthermore, the role of governmental aids and their methods, in the form of financial aid and flexibility, is examined and also shows the importance in lowering negative economic effects for the industry in crisis. The thesis also shows how important effective collaboration between airlines, regulatory authorities, and other stakeholders can help to manage crises effectively. Taking all this into account, the thesis is to show how financial resilience in the airline industry can be described in different ways. Moreover, it reveals the importance of strategic planning in network, operation and finance to handle further crises in future.