On the Sustainable Nexus between Oil Prices and Aviation Stocks

Dar, Arif Billah

doi:10.1016/j.susoc.2022.01.004

Cited by 2 publications

(1 citation statement)

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“…Kathiravan selects the performance of six airlines and and three crude oil markets between 1 January 2007 and 30 November 2018, finding that fluctuations in stock returns for most airlines were triggered by crude oil price [8]. Arif Billah Dar argues that in the short run some nexus may exist while there are no sustainable long-run nexus by using the methodology of wavelets and decomposing the aviation stocks and oil prices into different time horizons, so it is certain reasons that are not associated to the changes in crude oil price that resulted in sustainable long run movements in aviation stocks [9].…”

Section: Studies Related To the Relationship Between Crude Oil Price ...mentioning

confidence: 99%

Whether the Air Transport is Going through the Difficulties: Evidence from Dynamic Changes in Brent Oil Prices

Li¹,

Wang²,

Wang³

2023

BCPBM

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In 2020, the outbreak of COVID-19 caused a sharp drop in international crude oil prices. The outbreak of the Russian Ukrainian conflict in 2022 has also had a great impact on the fluctuation of international crude oil prices. So far as an important source of energy, the fluctuation of crude oil price is associated with the entire financial market. Therefore, this paper try to find how the air transport industry will going through the dynamic changes of its main source of energy——crude oil. Then the data of Brent oil price and air transportation industry index are selected from six months earlier before the Russian Ukrainian conflict broke out, used for constructing VAR model and ARMA-GARCH model with their logarithmic sequences. Through testing and observing the constructed Var model and ARMA-GARCH model, find the impact of international crude oil price changes on the yield and volatility of air transportation industry, so that the air transport industry can acquire the initiative of energy source.

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Section: Studies Related To the Relationship Between Crude Oil Price ...mentioning

confidence: 99%