Detection of Financial Distress in Air Transportation Companies Registered in BEI Before and During Covid-19

Rayhana Aisyah; Dyah Mieta Setyawati

doi:10.55927/mudima.v3i1.2144

Authors

Rayhana Aisyah Universitas Gunadarma
Dyah Mieta Setyawati Universitas Gunadarma

DOI:

https://doi.org/10.55927/mudima.v3i1.2144

Keywords:

Financial Distress, Altman Z-Score

Abstract

Financial distress analysis aims to identify and analyze financial distress in air transportation companies listed on the Indonesia Stock Exchange before and during Covid-19 with two airlines in Indonesia with CMPP and GIAA issuer codes. The research method used is descriptive method with a quantitative approach. The data used is secondary data in the form of company financial reports as objects of research for the period 2016 to 2021. Data analysis uses the Altman Z-Score model with the formula for calculating four financial ratios. The results of the study show that before and during Covid-19, CMPP and GIAA issuers were in a position of financial distress or entered a distress zone with a Z-Score value of less than 1.10 (Z <1.10)

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