AN ANALYSIS OF WORKING CAPITAL MANAGEMENT IN THE AIR TRANSPORT COMPANY PLL LOT

1 ZIMON Grzegorz
Institution:
1 Rzeszow University of Technology, Rzeszow, Poland, EU, gzimon@prz.edu.pl
Conference:
CLC 2018 - Carpathian Logistics Congress, Wellness Hotel Step, Prague, Czech Republic, EU, December 3 - 5, 2018
Proceedings:
Proceedings CLC 2018 - Carpathian Logistics Congress
Pages:
930-934
ISBN:
978-80-87294-88-8
ISSN:
2694-9318
Published:
18th April 2019
Proceedings of the conference were published in Web of Science.
Metrics:
462 views / 144 downloads
Abstract

Effective management of an enterprise needs to be based on financial security. Uncertain financial situation of a company limits the efficient making of short-term decisions that directly affect the level of net working capital. Net working capital is one of the basic measures of financial liquidity. It is important for the company managers to choose a working capital management strategy that will ensure the company safe functioning and systematic improvement of financial results. The choice and type of strategy used depend on the goals that the manager wants to achieve, but also on the industry where the unit operates. The working capital in trade, production and service enterprises is managed in a completely different way. The purpose of the article is to analyze and evaluate the working capital management strategy in LOT Polish Airlines. The company is a state-owned enterprise which is the leader of air transport in Poland. PLL LOT as a market leader, can use combinations of working capital management strategies.

Keywords: air transport, working capital, strategies

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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