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Year 2022, Volume: 11 Issue: 3, 143 - 152, 30.09.2022

Muhammad Muddasır , Asli Afsar

https://doi.org/10.17261/Pressacademia.2022.1637

Abstract

References

  • Abbas, J., Mubeen, R., Lorember, P. T., Raza, S., & Mamirkulova, G. (2021). Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. Current Research in Behavioral Sciences, 2, 100033. https://doi.org/10.1016/j.crbeha.2021.100033
  • Akhter, A., Syed, S., & Kaneez, F. (2021). The Impact of COVID-19 on Stock Market Volatility in Pakistan. Cornell University. https://doi.org/10.48550/arXiv.2103.03219
  • Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 27, 100326. https://doi.org/10.1016/j.jbef.2020.100326
  • Ali, M., Alam, N., & Rizvi, S. A. R. (2020). Coronavirus (COVID-19) – An epidemic or pandemic for financial markets. Journal of Behavioral and Experimental Finance, 27, 100341. https://doi.org/10.1016/jjbef.2020.100341
  • Baruti, B. H. (2021). The Impact of Covid 19 Lockdowns on Western Balkan’s Economic. Journal of Economics, Finance and Management Studies, 04(09). https://doi.org/10.47191/jefms/v4-i9-15
  • Chaouachi, M., & Slim, C. (2020). Current COVID-19 Impact on Saudi Stock Market: Evidence from An ARDL Model. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3636333
  • Chen, M. H., Demir, E., García-Gómez, C. D., & Zaremba, A. (2020). The impact of policy responses to COVID-19 on US travel and leisure companies. Annals of Tourism Research Empirical Insights, 1(1), 100003.
  • Jabeen, R., Khan, R., Ellahi, A., & Begum, S. (2021). Investigating the impact of performance appraisal justice on job performance and OCB of employees: path through work engagement. Humanities & Social Sciences Reviews, 9(3), 315–325. https://doi.org/10.18510/hssr.2021.9332
  • Estrada, R., M. A., Koutronas, E., & Lee, M. (2020). Stagpression: The Economic and Financial Impact of COVID-19 Pandemic. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3593144
  • Ghosal, S., Sengupta, S., Majumder, M., & Sinha, B. (2020). Linear Regression Analysis to predict the number of deaths in India due to SARS-CoV- 2 at 6 weeks from day 0 (100 cases-March 14th, 2020). Diabetes & Metabolic Syndrome: Clinical Research & Reviews, 14(4), 311-315.
  • He, P., Sun, Y., Zhang, Y., & Li, T. (2020). COVID–19’s impact on stock prices across different sectors—An event study based on the Chinese stock market. Emerging Markets Finance and Trade, 56(10), 2198-2212.
  • Lee, C. C., & Chen, M. P. (2020). The impact of COVID-19 on the travel and leisure industry returns: Some international evidence. Tourism Economics, 1354816620971981.
  • Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 Outbreak and Affected Countries Stock Markets Response. International Journal of Environmental Research and Public Health, 17(8), 2800. https://doi.org/10.3390/ijerph17082800
  • Lodangi, N., Thawani, V., & Gharpure, K. (2020). Covid-19 forecasting using regression analysis. VIMS Health Science Journal, 7(3), 89-93.
  • Onali, E. (2020). COVID-19 and Stock Market Volatility. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3571453
  • Sansa, N. A. (2020). The Impact of the COVID-19 on the Financial Markets: Evidence from China and USA. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3562530
  • Topcu, M., & Gulal, O. S. (2020). The Impact of COVID-19 on Emerging Stock Markets. Finance Research Letters, 36, 101691. https://doi.org/10.1016/j.frl.2020.101691
  • Waheed, R., Sarwar, S., Sarwar, S., & Khan, M. K. (2020). The impact of COVID -19 on Karachi stock exchange: Quantile-on-quantile approach using secondary and predicted data. Journal of Public Affairs. https://doi.org/10.1002/pa.2290
  • Wang, Y., Zhang, H., Gao, W., & Yang, C. (2021). COVID-19-related government interventions and travel and leisure stock. Journal of Hospitality and Tourism Management, 49, 189-194.
  • Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters, 36, 101528. https://doi.org/10.1016/j.frl.2020.101528

FORECASTING & IMPACT OF COVID-19 ON AIRLINE SECTOR: A CASE STUDY OF TURKEY

Year 2022, Volume: 11 Issue: 3, 143 - 152, 30.09.2022

Muhammad Muddasır , Asli Afsar

https://doi.org/10.17261/Pressacademia.2022.1637

Abstract

Purpose- An infectious virus called COVID-19 originated in China spread over the globe in a short time and became a pandemic. The aim of this
study is to determine the relationship between the COVID-19 and the airline companies in Turkey. Thus, we went over daily stock prices of the
companies as well as daily COVID-19 cases reported across the nation. As a result, two companies were chosen among all of them. From 11 March
2020 to 30 May 2022, we retrieved data of daily stock prices, COVID-19 cases and COVID-19 deaths recorded.
Methodology- Regression analysis was used to determine the association between COVID-19 and prices. The results were as expected; both
companies demonstrated significance, and we concluded that they responded to the COVID-19. The second aim of the study is to utilize regression
analysis to predict, between June 2022 and June 2023, both the number of verified COVID-19 cases and the prices of Airline companies.
Findings- The results were as expected; both companies were found significant, and we concluded that they responded to the COVID-19. By June
30, 2023, it is likely to see more verified cases if the corona virus spread rate in Turkey does not change. Data for COVID-19 instances will differ
depending on the transmission rate. Briefly stated, COVID-19 cases and BIST 100 Travel Sector cases have a direct relationship. Because of a rise
in COVID-19 vaccinations, both businesses exhibit an increasing tendency.
Conclusion- The Travel Sector in BIST 100 also exhibits a favorable correlation with COVID-19 cases. But both businesses exhibit a bullish or rising
tendency as a result of vaccination which started in 2021. To stop the corona virus from spreading, precautions should be taken, such as keeping
a safe social distance, washing hands regularly, and avoiding unwanted facial contact.

Keywords

COVID-19 BIST-100 Index travel & leisure sector forecasting relationship between price and COVID regression analysis

References

  • Abbas, J., Mubeen, R., Lorember, P. T., Raza, S., & Mamirkulova, G. (2021). Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. Current Research in Behavioral Sciences, 2, 100033. https://doi.org/10.1016/j.crbeha.2021.100033
  • Akhter, A., Syed, S., & Kaneez, F. (2021). The Impact of COVID-19 on Stock Market Volatility in Pakistan. Cornell University. https://doi.org/10.48550/arXiv.2103.03219
  • Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 27, 100326. https://doi.org/10.1016/j.jbef.2020.100326
  • Ali, M., Alam, N., & Rizvi, S. A. R. (2020). Coronavirus (COVID-19) – An epidemic or pandemic for financial markets. Journal of Behavioral and Experimental Finance, 27, 100341. https://doi.org/10.1016/jjbef.2020.100341
  • Baruti, B. H. (2021). The Impact of Covid 19 Lockdowns on Western Balkan’s Economic. Journal of Economics, Finance and Management Studies, 04(09). https://doi.org/10.47191/jefms/v4-i9-15
  • Chaouachi, M., & Slim, C. (2020). Current COVID-19 Impact on Saudi Stock Market: Evidence from An ARDL Model. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3636333
  • Chen, M. H., Demir, E., García-Gómez, C. D., & Zaremba, A. (2020). The impact of policy responses to COVID-19 on US travel and leisure companies. Annals of Tourism Research Empirical Insights, 1(1), 100003.
  • Jabeen, R., Khan, R., Ellahi, A., & Begum, S. (2021). Investigating the impact of performance appraisal justice on job performance and OCB of employees: path through work engagement. Humanities & Social Sciences Reviews, 9(3), 315–325. https://doi.org/10.18510/hssr.2021.9332
  • Estrada, R., M. A., Koutronas, E., & Lee, M. (2020). Stagpression: The Economic and Financial Impact of COVID-19 Pandemic. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3593144
  • Ghosal, S., Sengupta, S., Majumder, M., & Sinha, B. (2020). Linear Regression Analysis to predict the number of deaths in India due to SARS-CoV- 2 at 6 weeks from day 0 (100 cases-March 14th, 2020). Diabetes & Metabolic Syndrome: Clinical Research & Reviews, 14(4), 311-315.
  • He, P., Sun, Y., Zhang, Y., & Li, T. (2020). COVID–19’s impact on stock prices across different sectors—An event study based on the Chinese stock market. Emerging Markets Finance and Trade, 56(10), 2198-2212.
  • Lee, C. C., & Chen, M. P. (2020). The impact of COVID-19 on the travel and leisure industry returns: Some international evidence. Tourism Economics, 1354816620971981.
  • Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 Outbreak and Affected Countries Stock Markets Response. International Journal of Environmental Research and Public Health, 17(8), 2800. https://doi.org/10.3390/ijerph17082800
  • Lodangi, N., Thawani, V., & Gharpure, K. (2020). Covid-19 forecasting using regression analysis. VIMS Health Science Journal, 7(3), 89-93.
  • Onali, E. (2020). COVID-19 and Stock Market Volatility. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3571453
  • Sansa, N. A. (2020). The Impact of the COVID-19 on the Financial Markets: Evidence from China and USA. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3562530
  • Topcu, M., & Gulal, O. S. (2020). The Impact of COVID-19 on Emerging Stock Markets. Finance Research Letters, 36, 101691. https://doi.org/10.1016/j.frl.2020.101691
  • Waheed, R., Sarwar, S., Sarwar, S., & Khan, M. K. (2020). The impact of COVID -19 on Karachi stock exchange: Quantile-on-quantile approach using secondary and predicted data. Journal of Public Affairs. https://doi.org/10.1002/pa.2290
  • Wang, Y., Zhang, H., Gao, W., & Yang, C. (2021). COVID-19-related government interventions and travel and leisure stock. Journal of Hospitality and Tourism Management, 49, 189-194.
  • Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters, 36, 101528. https://doi.org/10.1016/j.frl.2020.101528
There are 20 citations in total.

Details

Primary Language English
Subjects Economics, Behaviour-Personality Assessment in Psychology, Finance, Business Administration
Journal Section Articles
Authors

Muhammad Muddasır 0000-0003-1116-4329

Asli Afsar This is me 0000-0001-7031-1419

Publication Date September 30, 2022
Published in Issue Year 2022 Volume: 11 Issue: 3

Cite

APA Muddasır, M., & Afsar, A. (2022). FORECASTING & IMPACT OF COVID-19 ON AIRLINE SECTOR: A CASE STUDY OF TURKEY. Journal of Business Economics and Finance, 11(3), 143-152. https://doi.org/10.17261/Pressacademia.2022.1637

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