Evaluation the Regional Effect of Covid-19 on the Stock Price of Airlines
Abstract
The novel coronavirus – officially named COVID-19 – is rapidly spreading from its
epicenter in Wuhan to the rest of China and the world. There have been 5,404,512
confirmed cases of COVID-19, including 343,514 deaths, reported to World Health
Organization in 25 May 2020. Business face revenue losses and quarantine policies
propagate worldwide and restrict travel, trade and industry. The very crucial
negative influences were on the demand side, with national and international civil
aviation flights critically affected in the short-term. The aim of study analyzes the
changes in the abnormal return of the relevant stocks around the date of COVID-19
to investigate the rebound of the stock market. The transportation economy's stock
market value for Asia-Pacific, North America, and Europe weakly impacted the
region 's abnormal return that suffered from a global event-based pandemic. As a
result, all civil aviation stakeholders should try to get rid of this global crisis with
minimal damage, focusing on coordination, transparency and traceability by using
information systems and tools.
Collections
The following license files are associated with this item: