Oil, oil volatility and airline stocks: a global analysis

Nandha, Mohan, Brooks, Robert and Faff, Robert (2013) Oil, oil volatility and airline stocks: a global analysis. Contabilitate si Informatica de Gestiune, 12 2: 302-318.

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Name Description MIMEType Size Downloads
Author Nandha, Mohan
Brooks, Robert
Faff, Robert
Title Oil, oil volatility and airline stocks: a global analysis
Language of Title eng
Journal name Contabilitate si Informatica de Gestiune
Translated journal name Accounting and Management Information Systems
Language of Journal Name rum
ISSN 1583-4387
Publication date 2013
Sub-type Article (original research)
Open Access Status
Volume 12
Issue 2
Start page 302
End page 318
Total pages 17
Place of publication Bucharest, Romania
Publisher Academia de Studii Economice din Bucuresti
Collection year 2014
Language eng
Formatted abstract
By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price regimes (delineated by the first gulf war and the 9/11 terror attacks) alone do not have any significant implications for airline stock prices. Overall, these findings are contrary to the general perception that higher oil prices or oil volatility are bad news for the airlines industry. Perhaps airlines are in a better position to estimate their oil risk and take hedging positions as appropriate. However, airlines stocks appear to be significantly prone to the combined effects of oil volatility and oil regimes determined by the globally significant events/ shocks.
Keyword Oil price
Oil volatility
Gulf war
9/11 Attacks
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
UQ Business School Publications
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Created: Mon, 24 Feb 2014, 09:34:40 EST by Karen Morgan on behalf of UQ Business School