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随着全球航空运输业复苏,我国航空运输业迎来发展的机遇。但是航空运输业是高投入、高风险、低利润率行业,尽管2015年形势大好,全球航空运输业的平均净利润率仅为4%,投入资本回报率首次达到了7.5%,也仅与近两年加权平均资本成本率7.3%相当。同时航空运输业对经营环境的变化极为敏感。因此,在取得成绩的同时,我们必须吸取08年金融危机给航空公司带来重创的教训,防范财务风险的发生。本文对我国航空运输业的财务风险分析与防范对策研究。
With the recovery of global air transport industry, China’s air transport industry ushers in opportunities for development. However, the air transport industry is a highly-invested, high-risk and low-margin industry. Although the global air transport industry enjoyed an average net profit margin of only 4% in 2015 and an initial return on capital investment of 7.5% for the first time, The two-year weighted average cost of capital is 7.3%. At the same time, the air transport industry is extremely sensitive to changes in the business environment. Therefore, while making achievements, we must draw lessons from the devastating financial crisis brought by the 2008 financial crisis to airlines and prevent financial risks from happening. This article analyzes China’s air transport industry’s financial risk and countermeasures.