A REGIONAL FINANCIAL ANALYSIS OF AIRLINE COMPANIES IN COVID-19: ASIA-PACIFIC REGION

Olcay Ölçen ()
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Olcay Ölçen: Ýstanbul Geliþim Üniversitesi Aviation Management Department, Türkiye

International Econometric Review (IER), 2025, vol. 17, issue 1, 1-16

Abstract: Asia-Pacific region especially is a developing region for airlines regarding competition, industrial development, and national perspective, COVID-19 had a destructive and re-definitive impact on the total aviation systems of the region. This study aims to perform a comprehensive analysis of the cumulative return of the airlines’ stock with some specific economic variables, such as currency exchange rates, LIBOR, and Brent oil returns for a selected period and Asia-Pacific Region. At the end of the research, three research models are formed. All the variables are in a relationship with cumulative returns out of the USD-AUD currency exchange rate statistically. There were three alternatives, and Arellano and Bover/Blundell and Bond GMM with orthogonal transformation were selected after the utilization of Monte Carlo Simulation.

Keywords: Asia-Pacific Region; Airline Finance; Econometric Analysis. (search for similar items in EconPapers)
JEL-codes: B26 O18 R11 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:erh:journl:v:17:y:2025:i:1:p:1-16

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