Financial Health Analysis of PT. Blue Bird, Tbk. Before and During COVID-19 Pandemic According to Altman Z-Score in Periods of 2018-2022

Taxi, as one of the transportation moda alternative has been a significant part of people daily mobility lives in Indonesia, helps them to commute from and to another destination especially those who live in the cities. However due to COVID-19 outbreak, taxi industry in Indonesia also encountered a significant hit. In response to the COVID-19 pandemic, the local Government with the approval of the Ministry of Health implemented lockdown and large-scale social restrictions policy includes closing public places, offices and limiting travel from and to the restricted areas. This conditions contributed to reducing demand for taxis order as passenger preferred staying at home or if needed shifting of usage their personal vehicle. In line with the struggling condition, as a market leader in taxi industry in Indonesia, PT Blue Bird, Tbk has adjusted to their business strategy in order to sustained company operational and maintained healthy financial performance to avoided the company from possibility of bankruptcy. This research study aims to analyze and measure the financial health condition and bankruptcy prediction of PT Blue Bird, Tbk with the company’s Altman Z-score bankruptcy approach before and during the Covid-19 pandemic in the periods of 2018-2022.