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ANALISIS RASIO LIKUIDITAS DAN SOLVABILITAS UNTUK MENGUKUR KINERJA PERUSAHAAN SEKTOR PENERBANGAN SEBELUM DAN SAAT PANDEMI COVID-19 Desiana Rachmawati
Jurnal Akuntansi Bisnis dan Ekonomi Vol. 7 No. 2 (2021): Jurnal Akuntansi Bisnis dan Ekonomi (JABE)
Publisher : Universitas Widyatama

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (342.436 KB) | DOI: 10.33197/jabe.vol7.iss2.2021.778

Abstract

Penelitian ini bertujuan untuk menganalisis kinerja keuangan PT AirAsia Indonesia Tbk (CMPP) dan PT Garuda Indonesia Tbk (GIAA) sebelum pandemi Covid-19 tahun 2017, 2018 dan 2019 yang dibandingkan dengan kinerja keuangan saat pandemi Covid-19 tahun 2020 berdasarkan rasio likuiditas dan rasio solvabilitas. Metode yang digunakan adalah kuantitatif deskriptif menggunakan data sekunder berupa laporan keuangan dan laporan tahunan PT Garuda Indonesia Tbk dan PT AirAsia Indonesia Tbk periode 2017-2020. Rasio likuiditas dihitung dengan menggunakan CR, QR dan Cash Ratio. Rasio solvabilitas dihiutung dengan menggunakan DER dan DR. Hasil penelitian menunjukkan bahwa rasio likuiditas tahun 2020 mengalami penurunan yang sangat drastis. Penurunan pendapatan pada saat pandemi Covid-19 di tahun 2020 berdampak pada berbagai kondisi perusahaan yang mengakibatkan aliran kas masuk, piutang dan aset lancar lainnya yang semakin menurun secara drastis. CMPP dan GIAA mengalami penurunan kinerja solvabilitas yang dapat dilihat dari nilai DER bernilai negatif dan nilai DR lebih dari 1 kali. Penurunan pendapatan pada masa pandemi Covid-19 berdampak pada kerugian yang cukup besar di tahun 2020, sehingga mengakibatkan perusahaan mengalami defisit ekuitas. Sebagai usaha memperoleh pendanaan, perusahaan harus menambah utangnya sekaligus untuk menutup defisit ekuitas. Dengan demikian, utang CMPP dan GIAA di tahun 2020 menjadi sangat besar dibandingkan dengan aset yang dimiliki.
6 Pengaruh Harga Minyak Dunia, Kurs Dolar Dan Bi Rate Terhadap Harga Saham Perusahaan Transportasi Yang Terdaftar Di Bei Periode 2014 - 2018 Desiana Rachmawati
Jurnal Manajemen Dirgantara Vol 12 No 2 (2019): Jurnal Manajemen Dirgantara, Desember 2019
Publisher : Sekolah Tinggi Teknologi Kedirgantaraan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (277.548 KB)

Abstract

This study aims to determine the effect of macroeconomic factors, namely world oil prices, dollar exchange rate and BI Rate partially on share prices of transport companies listed on the Indonesia Stock Exchange (BEI) in the period 2014 to 2018. This research is a quantitative study that uses quantitative time series data for 5 (five) years. The independent variables used in this study are the oil price (X1), the dollar exchange rate (X2) and the BI Rate (X3) with the dependent variable being the stock price (Y). Hypothesis testing uses multiple linear regression test with the help of SPSS 15. The results show there is a significant negative effect on world oil prices and dollar exchange rate on stock prices. World oil prices and dollar excange rate will have an impact on rising company costs, thereby reducing profits. The decline in profits will affect the level of demand that will be reduced to the stock so that the stock price will fall. While BI Rate has a significant positive effect on stock prices because investors in transport companies are foreign investors who are interested in investing when a country's interest rates rise. The demand for shares from foreign investors will increase with the increase in the BI Rate and will cause an increase in share prices
KINERJA PROFITABILITAS SEKTOR PENERBANGAN PADA MASA PANDEMI DAN DAMPAKNYA TERHADAP NILAI PERUSAHAAN (Studi pada Garuda Indonesia dan AirAsia) Desiana Rachmawati
Jurnal Manajemen Dirgantara Vol 15 No 1 (2022): Jurnal Manajemen Dirgantara, Juli 2022
Publisher : Sekolah Tinggi Teknologi Kedirgantaraan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (236.972 KB) | DOI: 10.56521/manajemen-dirgantara.v15i1.628

Abstract

Pada awal tahun 2020, muncul penyebaran virus corona atau Covid-19 yang disebabkan oleh virus SARS-CoV-2 dan ditetapkan sebagai pandemi oleh WHO pada 9 Maret 2020. Pandemi Covid-19 telah membawa dampak yang cukup signifikan terhadap industri penerbangan baik dalam skala nasional maupun internasional. Perubahan pendapatan akan berdampak pada kondisi keuangan perusahaan, terutama profitabilitas laporan keuangan. Penelitian ini bertujuan untuk menganalisis perubahan kinerja profitabilitas perusahaan sektor penerbangan sebagai dampak pandemi Covid-19. Metode yang digunakan adalah kuantitatif deskriptif dengan menghitung rasio profitabilitas dan nilai perusahaan PT Garuda Indonesia Tbk dan PT AirAsia Indonesia Tbk periode 2017 sampai 2020. Rasio profitabilitas yang digunakan adalah NPM, ROA dan ROE, sedangkan indikator nilai perusahaan adalah PER dan PBV. Data yang digunakan berupa laporan keuangan dan laporan tahunan PT Garuda Indonesia Tbk (GIAA) dan PT AirAsia Indonesia Tbk (CMPP) periode 2017 sampai 2020. Hasil penelitian menunjukkan bahwa rasio profitabilitas CMPP dan GIAA yang dinilai dengan ROA dan NPM mengalami penurunan yang sangat drastis dengan nilai negatif. Nilai rasio negatif diperoleh karena laba bersih (EAT) bernilai negatif, dengan kata lain perusahaan mengalami kerugian. Sedangkan ROE bernilai positif yang disebabkan oleh nilai ekuitas dan EAT sama-sama negatif. Ekuitas CMPP dan GIAA bernilai positif di tahun 2020 sebagai dampak dari kerugian yang terlalu besar. Nilai ekuitas negatif ini pun berdampak pada turunnya nilai perusahaan yang dibuktikan dengan nilai PER dan PBV CMPP maupun GIAA bernilai negatif di tahun 2020.
Analisis Fasilitas APRON Movement Control Dalam Mendukung Keselamatan Penerbangan Di Bandar Udara Internasional Frans Kaiseipo-Biak Papua Indonesia Reski Maheswara; Desiana Rachmawati
Jurnal Kewarganegaraan Vol 6 No 1 (2022): 1 Januari - 30 Juni 2022 (In Press)
Publisher : UNIVERSITAS PGRI YOGYAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (264.361 KB) | DOI: 10.31316/jk.v6i1.2866

Abstract

AbstrakPelaksanaan pembangunan bandar udara harus menjadi pemenuh standar kebutuhan sarana dan prasarana transportasi udara dan memenuhi kepentingan masyarakat dan lingkungan sekitarnya. Untuk menjaga keselamatan pada airside tentunya dibutuhkan fasilitas penunjang keselamatan seperti PKP-PK dan Safety Management System (SMS). Tujuan dari penelitian ini adalah untuk mengetahui permasalahan yang ditemukan pihak Apron Movement Control (AMC) terkait fasilitas airside, Untuk mengetahui dampak dari permasalahan terkait fasilitas Apron Movement Control (AMC) bagi keselamatan penerbangan dan untuk mengetahui cara mengatasi permasalahan terkait fasilitas Apron Movement Control (AMC) di Bandar Udara Frans Kaisiepo Biak Papua. Penelitian ini menggunakan pendekatan kualitatif deskriptif yang dilakukan dengan menjabarkan hasil penelitian secara naratif. Penelitian ini dilakukan dengan cara wawancara secara daring dengan jumlah narasumber 3 dan memegang posisi masing masing. Analisis data dilakukan dengan cara reduksi data, penyajian data, serta penarikan kesimpulan dan verifikasi. Validasi data dilakukan dengan metode triangulasi sumber, yaitu membandingkan jawaban antara satu narasumber dengan narasumber lainnya. Berdasarkan hasil penelitian yang dilakukan secara daring sehubungan dengan adanya pandemi, atas kinerja bagian AMC untuk mewujudkan keselamatan dalam penerbangan dan menjaga fasilitas AMC di Bandar Udara Frans Kaisiepo Biak Papua telah optimal dalam melakukan tugasnya berdasarkan UU No. 1/2009 tentang Penerbangan dan Peraturan Menteri No. 69 Tahun 2013 tentang Tatanan Kebandarudaraan Nasional.Kata Kunci: Fasilitas, AMC, Keselamatan Penerbangan AbstractThe implementation of airport development must meet the standards for air transportation facilities and infrastructure needs and meet the interests of the community and the surrounding environment. To maintain airside safety, of course, safety support facilities such as PKP-PK and Safety Management System (SMS) are needed. The purpose of this study is to find out the problems found by the Apron Movement Control (AMC) related to airside facilities, to find out the impact of problems related to the Apron Movement Control (AMC) facility for flight safety and to find out how to solve problems related to the Apron Movement Control (AMC) facility. ) at Frans Kaisiepo Airport, Biak Papua. This study uses a descriptive qualitative approach which is carried out by describing the results of the research in a narrative manner. This research was conducted by means of online interviews with the number of sources 3 and holding their respective positions. Data analysis was carried out by means of data reduction, data presentation, as well as drawing conclusions and verification. Data validation was carried out using the source triangulation method, namely comparing answers between one resource person and another. Based on the results of research conducted online in connection with the pandemic, the performance of the AMC section to achieve safety in flights and maintain AMC facilities at Frans Kaisiepo Airport Biak Papua has been optimal in carrying out its duties based on Law Number 1 of 2009 concerning Aviation and Ministerial Regulation No. 69 of 2013 concerning the National Airport Order.Keywords : Facilities, AMC, Aviation Safety
Analisis Kinerja Persiapan Kedatangan Pesawat Lion Air oleh Petugas Ramp Handling di Ramp Side Bandar Udara Internasional Supadio Pontianak Kalimantan Barat Hariani Batubara; Desiana Rachmawati
Jurnal Kewarganegaraan Vol 6 No 2 (2022): September 2022
Publisher : UNIVERSITAS PGRI YOGYAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (227.842 KB)

Abstract

Abstrak Kegiatan operasional pada suatu perusahaan memang menjadi pokok yang paling utama dalam tercapainya suatu target perusahaan. Oleh karena itu perusahaan penerbangan bekerjasama dalam penanganan operasional daratnya terhadap kepada perusahaan penyedia jasa Ground Handling. Tujuannya untuk Mengetahui kinerja petugas berdasarkan SOP dalam persiapan kedatangan pesawat di Ramp side yang dilakukan oleh petugas Ramp Handling PT Mulyo Citra Angkasa di Bandar Udara Internasional Supadio Pontianak, Mengetahui apa saja kendala yang dialami petugas Ramp Handling di Bandar Udara Internasional Supadio Pontianak. Penelitian ini menggunakan metode penelitian pendekatan metode deskriptif dengan pendekatan penelitian kualitatif karena bersifat mencari dan menggali informasi dari informasi di lapangan. Dan dari informasi-informasi tersebut dapat disimpulkan dan diketahui petunjuk dan mendapatkan informasi lainnya.. Teknik pengmpulan data ini menggunakan data wawancara, observasi, dan dokumentasi. Adapun informan dalam penelitian ini merupakan perwakilan 3 orang dari petugas Ramp Handling. Kinerja petugas Ramp handling dalam persiapan kedatangan pesawat sudah baik, dibuktikan dengan temuan peneliti yang menunjukan bahwa petugas unit Ramp Handling bekerja sesuai SOP yang berlaku. Dikaji dari indikator kinerja petugas unit Ramp bahwa unit Ramp Handling sisi side sudah bekerja dengan baik dari sisi kualitas, kuantitas, ketepatan waktu, efektivitas sampai sisi kemandirian dan juga untuk upaya yang diberikan oleh pihak petugas Ramp Handling yaitu petugas memberikan kemudahan bagi penumpang dalam menyusun ulang rencana perjalanan serta wajib membantu melakukan pemesanan pulang atau pemindahan ke penerbangan lainnya. Kata Kunci: Kinerja, Ramp Handling, SOP Abstract Operational activities in a company are indeed the most important point in achieving a company's target. Therefore, airline companies cooperate in handling their ground operations with ground handling service providers. The aim is to determine the performance of officers based on SOPs in preparation for the arrival of aircraft at the Ramp side carried out by PT Mulyo Citra Angkasa Ramp Handling officers at Pontianak Supadio International Airport, to find out what obstacles are experienced by Ramp Handling officers at Pontianak Supadio International Airport. This study uses a descriptive method with a qualitative research approach because it is seeking and extracting information from information in the field. And from this information, it can be concluded and known instructions and get other information. This data collection technique uses interview data, observation, and documentation. The informants in this study were representatives of 3 people from the Ramp Handling officers. The performance of the Ramp Handling officers in preparation for the arrival of the aircraft has been good, as evidenced by the findings of researchers which show that the Ramp Handling unit officers work according to the applicable SOP. It was assessed from the performance indicators of the Ramp unit officers that the Ramp Handling unit on the side had worked well in terms of quality, quantity, timeliness, effectiveness to the independence side and also for the efforts given by the Ramp Handling officers, namely the officers provided convenience for passengers in rearranging itineraries and must assist in making return bookings or transfers to other flights. Keywords: Performance, Ramp Handling, SOP
Financial Performance and Firm Value of Aviation Sector Desiana Rachmawati; Zenita Kurniasari
Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v12i5.974

Abstract

This study aims to determine the financial performance based on the liquidity, solvency and profitability ratios and the effect on firm value. This research is a quantitative study using secondary data in the form of financial reports. The sample used is the airline sub-industry listed on the IDX, which publishes financial reports and annual reports for the 2017-2020 period. The analysis was carried out using multiple linear regression. Based on hipothesis test results, the liquidity ratio does not affect firm value. While the solvency ratio and the profitability ratio partially affect the firm value. Companies need to manage debt so that it is not too large and poses a solvency risk. Then, companies need to increase ancillary revenue in order to increase profit, so that profitability increases and will have an impact on increasing company value.
PENERAPAN MODEL ALTMAN (Z-SCORE) UNTUK MENGUKUR POTENSI FINANCIAL DISTRESS PERUSAHAAN MASKAPAI PENERBANGAN SEBAGAI DAMPAK PANDEMI COVID-19 Desiana Rachmawati; Adipura Danang Maulana
Jurnal Manajemen Dirgantara Vol 15 No 1 (2022): Jurnal Manajemen Dirgantara, Juli 2022
Publisher : Sekolah Tinggi Teknologi Kedirgantaraan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56521/manajemen-dirgantara.v15i1.634

Abstract

The purpose of the study is to measuring potential financial distress in airlines as the impact of the covid-19 pandemic by applying the altman model ( Z Score ). This study is a descriptive quantitative will analyze the potential for financial distress of airlines companies listed on the IDX, the method used in this study is the altman Z-Scroe as a bankcruptcy prediction tool. The data used in this study is secondary data in the form of financial reports and annual reports of PT Garuda Indonesia Tbk (GIAA), PT AirAsia Indonesia Tbk (CMPP), PT Indonesia Transport & Infrastructure Tbk (IATA), and PT Jaya Trishindo Tbk (HELI) period 2020 and 2021 Quarter III. The result of the study can be concluded that based of the results of the calculation of banckruptcy prediction with altman Z score models that has been carried out on each of the airlines sector companies that are the sample, the classification of the bankruptcy predictions shows the results are indications of banckruptcy.
Forecasting Financial Distress of Airline Company: The Impact of Financal Performance Desiana Rachmawati; Adipura Danang Maulana
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1923

Abstract

This study aims to predict the financial distress of airline companies which is influenced by the ratio of liquidity, solvency, profitability, activity and investment. This research is inferential research with a quantitative approach. This research used financial statements of airline companies listed on the Indonesia Stock Exchange in 2018-2021 as the data. Data analysis was performed using multiple linear regression. The results showed that the liquidity ratio (Current Ratio) and solvency ratio (Debt to Equity Ratio) partially had no effect on the prediction of financial distress as measured using Springate model. Profitability ratio (Return on Assets), activity ratio (Total Assets Turnover) and investment ratio (Price Erning Ratio) partially have a positive effect on the prediction of financial distress. The profitability ratio has an influence of 81%, the activity ratio has 27.8% and the investment ratio has 7.6% on the prediction of financial distress. The prediction result of financial distress are not solely influenced by the company's ability to pay debts, both short term and long term. Conditions related to asset performance, such as Return on Assets and Total Asset Turnover actually affect the prediction results of financial distress.
Analisis Rasio Arus Kas PT Kereta Api Indonesia (Persero) Desiana Rachmawati
CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis Vol. 1 No. 2 (2021): Mei: Jurnal Manajemen dan Ekonomi Bisnis
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/cemerlang.v1i2.1003

Abstract

In order to achieve targets, companies need healthy funds to improve their performance. Companies can find out the availability of funds through the company's cash flow reports. This study aims to analyze PT KAI's cash flow ratio during 2014-2019. The research is descriptive quantitative by calculating the cash flow ratios. The cash flow ratio used is the cash liquidity ratio, which includes the operational cash flow ratio (AKO), the cash to interest coverage ratio (CKP), the capital expenditure ratio (PM) and the total debt ratio (TH). After calculating the ratio, do a growth ratio analysis during 2014-2019. The data used is PT KAI's audited financial statements for the 2014-2019 period. The results of the study show that PT KAI's cash flow ratio as a whole is still in a bad condition. The four ratios of operating cash flows used in this study, there are three ratios have a value of less than 1, namely the ratio of cash sweeps to current debt (AKO), the ratio of capital expenditure (PM) and the ratio amount of debt (TH). Meanwhile, one other ratio, namely the cash to interest coverage ratio (CKB), is worth more than 1.
Analysis of Passenger Inspection during the Covid-19 Period at Zainuddin Abdul Madjid International Airport, Lombok, West Nusa Tenggara Fitrah Ade Kurniawan; Desiana Rachmawati
JETISH: Journal of Education Technology Information Social Sciences and Health Vol 2, No 1 (2023): March 2023
Publisher : CV. Rayyan Dwi Bharata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57235/jetish.v2i1.395

Abstract

Domestic travel by airplane during the COVID-19 pandemic requires several new things regulated in dynamic regulations that are adjusted to the conditions of the development of COVID-19 in the community and the control carried out by the government. Some new things that passengers must do during security checks by Aviation Security at SCP-1 and PSCP. The purpose of this study is to explain the passenger inspection procedures and obstacles faced by Avsec officers in conducting passenger checks on SCP-1 and PSCP during the Covid-19 pandemic at Zainuddin Abdul Madjid International Airport, Lombok, NTB. This study used descriptive qualitative methods, the informants interviewed consisted of 1 Supervisor and 1 Squad leader at SCP-1 and 1 Officer at PSCP, with data collection techniques using interview, observation and documentation methods. validity of qualitative data using triangulation method. The results found that passenger inspection procedures by Avsec officers at SCP-1 and PSCP underwent changes with several additional procedures. Additional procedures are implemented in accordance with the Circular Letter of the Minister of Transportation Number SE 82 of 2022, the Circular Letter regulates various matters related to health protocols, completeness of vaccination and matters related to safety from Covid-19 transmission during travel. The obstacles faced by Avsec officers when conducting passenger checks are related to compliance with health protocols, completeness of vaccinations, long queues so that the inspection time is longer than usual. The solution is in the form of adding emergency clinic facilities for passengers who need vaccination and maximizing services by existing Avsec officers.