Nandha, Mohan; Brooks, Robert; Faff, Robert W. - In: Journal of accounting & management information systems … 12 (2013) 2, pp. 302-318
By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price … airline stock prices. Overall, these findings are contrary to the general perception that higher oil prices or oil volatility … hedging positions as appropriate. However, airlines stocks appear to be significantly prone to the combined effects of oil …
