structural oil supply and demand shocks. We find that investing in the Datastream World Airline Index offers a hedging benefit … Hamilton (2019), we investigate the conditional comovement of airline stock returns with real oil prices in response to … negative comovement following shocks to world economic activity and airline stock returns. …

The purpose of this paper is to empirically investigate the interaction between hedging, financing, and investment … two decisions are being made. We argue that the way in which hedging affects the firms’ financing and investing decisions …, but not their leverage, by hedging. However, we also find that firms with few investment opportunities use derivatives to …

diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed … hedging instruments.In a second step, we go beyond existing research and distinguish between two separate dimensions of family … costs and thus leads to lower levels of business segment diversification and less currency hedging. In contrast family …

, and the number of passengers in the Turkish airline industry. The findings confirm that deregulation increases quantity …

This paper assesses the impact of the September 11th terrorist attacks and its after-effects on U.S. airline demand …

This paper documents the growth of low cost carriers (LCCs) in the U.S. airline industry since 1990. By estimating …

Based on a sample of 26 European passenger airlines, this study analyzes the development of airline business models … convergence trend. The present paper complements the mostly qualitative and anecdotal literature on convergence in the airline … the fields of empirical convergence analysis and corresponding strategic airline management. …