COMPARATIVE ASSESSMENT OF FINANCIAL PERFORMANCE AMONG AIR NAVIGATION SERVICE PROVIDERS

The significant expansion of the aviation industry highlights the crucial need for financial resilience and strategic governance among stakeholders, particularly emphasizing the essential role of air navigation service providers (ANSPs). The aim of the study was to present a model for the assessment and comparison of the financial performance of seventeen ANSPs. The financial performance of the seventeen ANSPs was evaluated using nine financial ratios, with the combined scores subsequently analyzed using the TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) method over a five-year period (2018-2022). The study revealed that DSNA demonstrated resilience in the face of the crisis, whereas ENAIRE was unable to sustain its previous financial performance among the 17 ANSPs over the past years. It is recommended that further analyses be conducted using a range of criteria, that financial strategies for crisis resilience be investigated, and that global aviation trends across regions be explored.