Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2081234
How the global airline industry behaved to restrictions on air travel to India? An event study analysis
Vineeta Kumari
Brajesh Kumar Tiwari
Piyush Gupta
Dharen Kumar Pandey
Sažetak
We examine the impact of the recent restrictions/bans imposed
by several nations on air travel to India in the light of the increasing
number of infections amid the second wave of covid-19. We
employ the standard event study method on a sample of 34 airline
stocks across seven nations to find that the recent restrictions/
bans on air travel significantly impact the global airline
industry, although the country-specific impacts are not similar. We
find that the post-event reaction in all nations has been different
from those evidenced during the global pandemic declaration.
We are the first to examine these impacts during the current
wave of the pandemic. It contributes to the literature on the
effects of the pandemic on the global airline industry. Further, it
also provides practical explanations to the investors on how the
airline stocks react to the persistence of the pandemic
Ključne riječi
Covid-19; airline industry; event study; abnormal returns; secondwave; pandemic
Hrčak ID:
303774
URI
Datum izdavanja:
31.3.2023.
Posjeta: 330 *