THE EFFECTS OF THE EVOLUTION OF THE BUSINESS MODEL IN A PERIOD OF ECONOMIC CRISIS — A STUDY OF ANNUAL REPORTS OF SELECTED AIRLINES
Keywordsbusiness model, annual reports, accounting
AbstractThe business model has become the new challenge in external reporting. It is increasingly used in International Financial Reporting Standards and non-financial reporting. In an era of global crisis, enterprises are changing their business models. This article presents the consequences of the evolution of business models within the airline sector in a period of economic crisis and the reflection of changed business models in annual reports. The conclusions summarize information about the business models disclosed in annual reports of selected airlines.
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