OPERATIONAL EFFICIENCY OF LOW-COST AIRLINES BY DATA ENVELOPMENT ANALYSIS
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Abstract
This independent study is aimed at 1) identifying the factors related to the revenues of low-cost Airlines and 2) measuring the operational efficiency of low-cost Airlines in Thailand. By collecting data from the annual reports from 2016–2019. Study the factors related to revenues with the Eviews 12 program and operational efficiency measured by using the Data Envelopment Analysis.
The results of this study showed that: 1) the factors related to the revenues of low-cost airlines are as follows: 1.1) Aircraft maintenance 1.2) Fuel cost; 1.3) Staff cost; and 1.4) Freight service. 2) the operational efficiency of low-cost airlines in Thailand is in terms of 2.1) Technical Efficiency 2.2) Operational Efficiency in 2016–2019 found that Thai AirAsia was efficient in terms of aircraft maintenance, fuel costs, staff costs, and freight service. And 2.3) scale efficiency of low cost in Thailand is also efficient on scale efficiency with a constant return to scale.
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