Evaluation the Regional Effect of Covid-19 on the Stock Price of Airlines

Yıl 2021, Cilt: 1 Sayı: 1, 34 - 46, 23.12.2021

Keziban Seçkin Codal Talha Musab Akpınar

Öz

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.

Anahtar Kelimeler

Coronavirus, Civil Aviation, Airlines Stock Market, Transportation Economy, Event Study

Kaynakça

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