<![CDATA[This study aims to analyze the effect of current ratio on return on assets (ROA) at PT AirAsia Indonesia Tbk for the period 2022-2024. The capital-intensive aviation industry with thin profit margins faces significant challenges in balancing liquidity and profitability, especially during the post-COVID-19 pandemic recovery phase. This research employs quantitative methods with descriptive and associative approaches, analyzing secondary data from quarterly financial reports for the period 2022-2024, consisting of 12 observation periods. The analytical techniques used include descriptive statistical analysis, classical assumption tests, simple linear regression analysis, and hypothesis testing. The results show that the current ratio increased consistently from 0.22 in Q1 2022 to 0.45 in Q4 2024 (104% increase), while ROA transformed from -15.20% to 4.50%. Hypothesis testing proves that current ratio has a positive and significant effect on ROA with a t-value of 10.601 > t-table 2.228 and a significance value of 0.000 < 0.05. The regression equation Y = -33.682 + 95.135X indicates that every 0.01 increase in current ratio will increase ROA by 0.95135%. The coefficient of determination (R²) value of 0.918 or 91.8% indicates that current ratio can explain ROA variation very strongly. This research confirms the importance of effective liquidity management as the foundation for airline profitability, particularly during operational recovery phases. The managerial implications of this research include the need for working capital management optimization, operational cash flow strengthening, and balance between maintaining adequate liquidity and asset utilization efficiency.]]>
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