Haitian Zhou
ABSTRACT
The airline industry was one of the industries that significantly impacted on a large scale the most during the Covid-19 pandemic. Resulting from the airline is one of the most convenient travel choices around the globe. Consequently, the pandemic makes the airline industry the most precarious and volatile and thus, making businesses difficult to continue. Some of the factors that influenced the operation of the airline industry include limitation to travel due to lockdowns and curfew systems adopted by various countries, capacity cut to abide by the World Health Organization protocols of social distancing, stock market financial bailout, government regulations, and labor and employment. This study discusses the impact of Covid-19 on the stock market in the case of the American Airline Group Inc. and Air China Ord Shs A. Since These two companies operate under the same industry but different markets, the study also explores the volatility of stock markets in other countries.
- Dube, K., Nhamo, G., & Chikodzi, D. (2021). COVID-19 pandemic and prospects for recovery of the global aviation industry. Journal of Air Transport Management, 92, 102022.Google Scholar
- Maneenop, S., & Kotcharin, S. (2020). The impacts of COVID-19 on the global airline industry: An event study approach. Journal of air transport management, 89, 101920.Google Scholar
- Levine-Weinberg, A. (2020, March 21). With coronavirus decimating the industry, should you buy airline stocks right now? The Motley Fool. https://www.fool.com/investing/2020/03/21/coronavirus-decimating-industry-buy-airline-stocks.aspxGoogle Scholar
- American Airlines Group Inc. (2019). Corporate Philanthropy Report, 34(2), 10-11. Google Scholar
- Amsdell, A., & Kulkarni, N. (2020). American Airlines Group, Inc.: A return to profitability amid a pandemic.Google Scholar
- Trefis Team. (2020). Is It Time To Invest In American Airlines’ Stock? Forbes. https://www.forbes.com/sites/greatspeculations/2020/11/30/is-it-time-to-invest-in-american-airlines-stock/?sh=28410af7115cGoogle Scholar
- Investegate |Air China Ld announcements | Air China Ld: ANNUAL REPORT 2020. (n.d.). investigate | Company Announcements | FTSE 100, 250, AIM, techMARK. https://www.investegate.co.uk/air-china-ld–airc-/rns/annual-report-2020/202104271152597060W/Google Scholar
- Phan, D. H. B., & Narayan, P. K. (2020). Country responses and the reaction of the stock market to COVID-19—A preliminary exposition. Emerging Markets Finance and Trade, 56(10), 2138-2150.Google Scholar
- Wang J. (2022, April). Accelerating Progress | S&P Global. https://www.spglobal.com/marketintelligence/en/documents/spgmi750_covid-19-impact-on-chinese-airline-companies.pdfGoogle Scholar
- Financial stability report - First semester of 2020. (2021). https://doi.org/10.32468/rept-estab-fin.1sem.eng-2020Google Scholar
- Mhalla, M. (2020). Novel Coronavirus (COVID-19) impacts the global oil and aviation markets. Journal of Asian Scientific Research, 10(2), 96-104.Google Scholar
- Alber, N. (2020). The effect of coronavirus spread on stock markets: The case of the worst six countries. Available at SSRN 3578080.Google Scholar
- Sherif, M. (2020). The impact of Coronavirus (COVID-19) outbreak on faith-based investments: An original analysis. Journal of Behavioral and Experimental Finance, 28, 100403.Google Scholar
- Weber, I., & Shaikh, A. (2021). The US-China trade imbalance and the theory of free trade: debunking the currency manipulation argument. International Review of Applied Economics, 35(3-4), 432-455.Google Scholar
- Rappeport, A. (2020). The U.S. Says China Is No Longer a Currency Manipulator. The New York Times, 13(01).Google Scholar
Index Terms
- Effect of Covid-19 on Aviation Industry- A case study of American Airlines and Air China Ord Shs H
Recommendations
Research on Meals Industry of the US Stock Market Before and After COVID-19 Pandemic: Based on the Fama-French Five-Factor Model
ICEME '21: Proceedings of the 2021 12th International Conference on E-business, Management and EconomicsAbstract: This research aims to study the applicability of the Fama-French five-factor model in the Meals Industry of the US stock market, and then analyzes and interprets the industry based on the background of the COVID-19 pandemic. This model ...
Impact of the COVID-19 Outbreak on the Currency Exchanges of Selected Countries
The paper aims to analyse the impact of the COVID outbreak on the currency market. The study considers spot rates of seven major currencies (i.e., EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, and CHF/JPY). To capture the impact of the ...
Analysis on the Risk of Commercial Banks in China during COVID-19
ICEMC '21: Proceedings of the 2021 International Conference on E-business and Mobile CommerceThe rage of covid-19 violently rebuilt the order of human society, giving rise to potential recessions and deglobalization. In order to prevent gigantic financial institutions from ending up with insolvent situations, it is of vital significance to ...
Comments