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 paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … investigate the long-term equilibrium relationship between airline companies' stock prices, oil price risk, financial market … contribution, the paper analyses the prospects and challenges of the airline industry in dealing with oil price risk in the post …

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 …

market share to ground carriers and a sharp decline in profits. Therefore, airline industry is very sensitive to oil price …