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. …

In volatile economic environment, it is imperative for the airlines to implement appropriate derivative hedging … implementation of derivative hedging strategies within the non-dominant school of thought as it can be inferred from Carter et al … stage to the final stage with proper monitoring in between. While designing a derivative hedging strategy, the risk manager …

. While most research on fuel hedging has concentrated on the U.S. airline market, this paper is the first study to include …The aviation industry is characterized by low profit margins and a constant struggle with skyrocketing fuel costs …. Financial and operational hedging strategies serve aviation managers as a tool to counteract high and volatile fuel prices …

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 …

. In line with this, we develop a conduct parameter based model to estimate the firm specific "marginal cost efficiency …" and conduct without using total cost data. The marginal cost efficiency is an alternative measure of efficiency that is …