| With the huge development of the China’s economy,the industry of civil aviation has also grown.Owing to the high speed and efficiency of air transportation,the civil aviation industry that takes air transport as its main business moves to the forefront in the national economy.Meanwhile,thanks to reform and opening up,the characteristics of air transport that can quickly connect the world also enable the civil aviation industry to get support from the state and policies,and the shipping volume,airline network and navigable airports are growing rapidly.As the most important transport body of the civil aviation industry,the business volume of airlines has also achieved a leap.In early 2020,the novel coronavirus began to spread widely around the world,causing a pandemic that swept the world.Many countries,including China,have strengthened epidemic prevention measures and introduced various measures.Such as: strict restrictions on travel,traffic restrictions,traffic control and so on.While measures to reduce the flow of people have reduced the risk of infection and brought the epidemic under control,they have seriously hurt the civil aviation industry,which relies on the flow of people for its business.Airlines around the world have suffered losses and bankruptcies to varying degrees.As a capital-intensive industry,airlines are more prone to financial risks than other enterprises due to their asset-heavy and high-debt operation mode.And the outbreak of the novel coronavirus outbreak,so that airlines’ financial risk problems are rapidly amplified.The global pandemic of the Covid-19 has attracted extensive attention to public health emergencies,and enterprise managers are also aware that public health emergencies may change the business environment of enterprises,causing operational risks to enterprises and then transferring to financial risks.We are confident that COVID-19 will eventually pass,but the lessons it has left behind are worth learning and applying to the risks posed by other public health emergencies.In this paper,the Z-Score model and F-Score model are cross-verified to measure the financial risk status of G Airlines,and the financial ratio analysis method is used to identify its specific financial risks,from the financing risk,investment risk,fund recovery risk,income distribution risk and exchange rate risk.It also studies the transmission relationship of the impact of the novel coronavirus pandemic and analyzes which risks the novel coronavirus pandemic mainly affects.in the end,this paper will give some suggestion to help control financial risk,hope to bring some inspiration for G Airlines Company’s financial risk management under public health emergencies,and bring some valuable references for other airlines in the civil aviation industry. |
