COST MANAGEMENT IN AIR TRANSPORT COMPANIES

Cost management is one of the most important processes in a company. Company managers try to adopt such a strategy that will lead to an optimization of the level of costs. This is a difficult task as in many cases the costs that theoretically could be avoided are the result of a conservative liquidity management policy. And this policy is to guarantee the financial security of an individual, which is the basis for effective management. Customer lending is also a cost that could be theoretically avoided but an aggressive policy in this area could have a negative impact on the sales volume. The business environment is also influenced by the company's cost management policy. These are various types of external phenomena that managers do not have influence on, for example, changes in raw material prices, state policy, and various types of conflicts. Therefore, managers need to focus their activities on their own cost management policy. In general, the basic and the simplest solution in the field of cost management is the reduction of wages. In many companies, in the short term it is effective, but there are industries such as air transport where cost reduction and seeking savings in this area is unacceptable. The aim of the article is to analyze cost management in an air transport company and present solutions that can lead to an optimization of non-cost expenditure in such units.