The Impact of COVID-19 on Chinese Airlines’ Stock Market

Hexu Cao ()
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Hexu Cao: Wenzhou-Kean University

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 772-779 from Springer

Abstract: Abstract When the COVID-19 outbreak occurred in late 2019 and early 2020, China took a series of epidemic prevention measures such as quarantine and flight restrictions to control the epidemic and prevent the further spread of the epidemic. This series of measures has increased the domestic airline industry’s flight costs and reduced citizens’ desire to travel. Based on this background, our work conducts a regression analysis on the stock price changes of several representative large airlines and several small and medium-sized airlines in China’s airline industry. Specifically, our work takes a horizontal and vertical comparison method to conclude that the outbreak of COVID-19 has a negative impact on the stock market of the Chinese airline industry and has a greater impact on small and medium-sized airlines. This study’s results can provide a reference for the development of Chinese future aviation industry and a certain investment reference for investors.

Keywords: COVID-19; Airline Industry; China; Stock Price Influence; Stock Market (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-052-7_88

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DOI: 10.2991/978-94-6463-052-7_88

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