market share to ground carriers and a sharp decline in profits. Therefore, airline industry is very sensitive to oil price …As jet fuel price is the largest cost in airlines, it can affect on their profit and as a result on their shares price … in the stock exchange. If the price of crude oil climbed to $100 a barrel, for example, jet fuel would surpass $3 per …

This study investigated how airline stock prices respond to fuel price shocks using the asymmetric Glosten … prices. Based on our empirical results, a fuel price shock triggered fluctuations in airline stock returns. Moreover … relationships between their stock returns and fuel price shocks. Also, fuel price shocks significantly impacted airline stock …