The present study makes a comparative analysis of the three airline companies in India in terms of long-term financial strength (capital structure performance). The study is based on secondary data which have been collected from annual reports of respective airlines. The main objective of the study is to analyse and compare the performance of capital structure of selected airline companies in India. Thus the capital structure ratios are calculated to enlighten the end result. ANOVA is used for testing of hypothesis. This paper concludes overall better performer of airline company in India with respect to capital structure performance.

KEYWORDS: Ratio Analysis, SpiceJet, Jet Airways, Air India, ANOVA.