Strategic Approach to Monitoring the Risk Resilience and Financial security of Companies in the Passenger Air Transport Industry

A bs TR A C T The relevance of the study is due to the social significance of the Russian passenger air transportation industry, its high exposure to complex risks due to the sanctions policy of unfriendly countries, the turbulence and uncertainty of existing risk factors, the need for state regulation and control over the functioning of companies in the industry, as well as the lack of an effective system for monitoring its sustainable development. In 2022, the Government of the Russian Federation approved a comprehensive program for the development of the aviation industry in the Russian Federation until 2030. In this regard, the purpose of the study was to develop a strategic approach to monitoring the risk tolerance of companies in the passenger air transportation industry based on a comprehensive analytical toolkit that provides a vector definition of strategic indicators of their sustainable development. The scientific novelty of the proposed strategic approach lies in the development of a business analysis algorithm as a sequence of analytical procedures that make it possible to form a sustainable development strategy, as well as monitor the risk tolerance and financial security of companies in the passenger air transportation industry. The strategic approach includes three logically connected stages: sectoral-industry analysis, identification of risk factors and assessment of their impact on the company using improved methods of strategic analysis; formation of a target matrix of the company’s competitive advantages, focused on a stakeholder approach to sustainable development; definition of a system of strategic indicators for monitoring the risk tolerance of the company. The theoretical significance of the study lies in the development and adaptation of the industry analysis methodology to the specifics and needs of the passenger air transportation industry for its sustainable development in a highly turbulent economy. The improved tools of strategic analysis, focused on a balanced assessment and differentiated accounting of risk factors affecting the industry and a particular company, the complexity of their impact, as well as increasing the feasibility of a sustainable development strategy, have practical significance . The results may be useful for key stakeholders of airlines, including the Federal Air Transport Agency, in order to minimize the risks of implementing a comprehensive program for the development of the aviation industry, as well as monitoring information on the state of financial security of socially significant companies.