Assessing the Stock Market Performances of Eu Low-Cost Airlines

Barrows, Samuel D.

doi:10.32479/ijefi.8160

Cited by 2 publications

(2 citation statements)

References 17 publications

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“…The analysis revealed a significant relationship between financial and market performance in 2015 and 2017, whereas no such relationship was observed in 2016. Barrows (2019) evaluated the stock performance of the low-cost aviation sector in the European Union. The study examined the stock performance of seven low-cost airlines over four years and compared their performance to the European stock market.…”

Section: Literature Reviewmentioning

confidence: 99%

Time Series Analysis of Long-Term Stock Performance of Airlines: The Case of Turkish Airlines

Akusta

2024

Politik Ekonomik Kuram

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This study presents a time series analysis of the long-term stock performance of airlines, with a focus on Turkish Airlines (THY). Stock-related variables were obtained from the Istanbul Stock Exchange, and other variables were obtained from the Turkish Statistical Institute. The research investigates various economic factors that may influence THY's stock prices over an extended period. Specifically, the study examines the relationship between global energy prices, inflation, the BIST100 index, gold prices, exchange rates, and THY stock prices. The analysis employs the Autoregressive Distributed Lag (ARDL) approach, a versatile technique capable of estimating both short-term and long-term relationships between variables. The findings of this research reveal significant and statistically meaningful connections between these economic variables and THY's stock prices. Notably, the study highlights the impact of global energy prices and other economic factors on the long-term stock performance of Turkish Airlines. These results provide valuable insights for investors and analysts seeking to understand and forecast THY's stock price movements.

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Section: Literature Reviewmentioning

confidence: 99%

Time Series Analysis of Long-Term Stock Performance of Airlines: The Case of Turkish Airlines

Akusta

2024

Politik Ekonomik Kuram

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“…FSCs and LCCs differ markedly in terms of their business model (Dobson & Piga, 2013). FSCs are typically used by organized travellers who make their bookings indirectly through travel agencies, while LCCs are favoured by those involved in mass tourism who manage their bookings individually in search of bargain prices (Barrows, 2019). Because of this, LCCs pursue a strategy of cost minimization and aggressive pricing, with a streamlined palette of supplementary services.…”

Section: The Effect Of the Carrier's Business Model On Stock Market Performancementioning

confidence: 99%

Impact of COVID-19 on different business models of European airlines

Kökény

Kenesei

Neszveda

2021

Current Issues in Tourism

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In addition to social damage, the first wave of the COVID-19 pandemic also caused huge economic losses in the beginning of 2020, especially for companies in the tourism sector. The airline market was no exception. This study examines the significance of the business model of European listed airlineslow cost carriers (LCCs), full service carriers (FSCs)for stock market performance. We use event study on the 11 airlines included in the sample. In terms of cumulative average abnormal returns, i.e. the most significant deviations from expected returns, negative phases can be detected in the entire and third stage of the pandemic. FSCs performed significantly better than LCCs at the time of the pandemic on 24 February, when European stock markets suffered the most damage; the business model overwrote financial indicators during the toughest period of the crisis. Although most LCCs had higher cash/ assets ratios, they still produced worse results than the average performance of companies with lower cash/assets ratios. This analysis helps to ensure that, in addition to examining financial indicators, the enumeration of the business model in this industry can also be decisive. The future possibilities of the research are discussed at the end of the study.

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Assessing the Stock Market Performances of Eu Low-Cost Airlines

Cited by 2 publications

References 17 publications

Time Series Analysis of Long-Term Stock Performance of Airlines: The Case of Turkish Airlines

Time Series Analysis of Long-Term Stock Performance of Airlines: The Case of Turkish Airlines

Impact of COVID-19 on different business models of European airlines

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