Kilometers ( ASK) decreased 14. 7 percent. Asia Pacific had the biggest drop at 23.3 percent, followed by Europe and Middle East at 13.8 and 10.8 percent respectively. (Source: International Air Transport
, followed by Asia Pacific and Latin America which accounted for 5.0 percent and 4.7 percent respectively while the Middle east had the lowest growth at 1.7 percent. For the supply side, worldwide capacity
was rising by 6.1 percent; the highest growth in ASK was from Asia-Pacific at 7.9 percent, following by the Middle East and Europe which escalated by 7.5 percent and 6.3 percent respectively. The
to firm value ultimately. 9 Dechow et al. (2010) point out that earnings persistence, a proxy for earnings quality, depends on firm fundamentals and accounting system. 11 Lev and Thiagarajan (1993
America, accounting for 5.4 and 5.3 percent respectively. Meanwhile the Middle East RPK slightly dropped by 1.3 percent. For the supply side, worldwide capacity growth, or Available Seat Kilometers (ASK
America, accounting for 5.4 and 5.3 percent respectively. Meanwhile the Middle East RPK slightly dropped by 1.3 percent. For the supply side, worldwide capacity growth, or Available Seat Kilometers (ASK
had the highest growth at 6. 1 percent, following by Latin America and Asia Pacific, accounting for 5. 6 percent and 4. 8 percent respectively while the Middle east had the lowest growth at 1.2 percent
interrupt international travel plans of directors to the point that listed companies are unable to hold the board of directors’ meeting to seek approval of the companies’ financial statements.” In
respectively. Available seat kilometers (ASK) was rising by 6.4 percent worldwide in which the carriers from Asia-Pacific had the highest growth at 8.2 percent, followed by the Middle-East carriers and the
, and Europe with 4.5, and 3.6 percent respectively. While ASK growth of Middle East was only 0.1 percent. A slower pace of capacity growth (ASK) compared to demand (RPK), as a result, the passenger load