Oil price fluctuations and airline profitability: The case of Turkish Airlines
Nalan Gelirli,
Sina Kısacık
Abstract:This study examines the potential relationship between oil price fluctuations and airline profitability, focusing on Turkish Airlines (THY) from 2001 to 2022. The study uses wavelet analysis to explore the correlation between oil prices and the airline's profit and loss data, considering geopolitical factors and unexpected events that may affect airline operations. THY's financial performance is significantly impacted by oil price fluctuations in the short and medium term, while its long-term profitability rem… Show more
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