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Observational analysis of airline stock returns amid COVID-19 in the Asia-Pacific region, indicating the impact of key economic variables.
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. In this study, we aimed 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. Our model was confirmed, and our findings supported the economic relationships. All variables of the study are in a relationship with a cumulative return out of the USD-AUD currency exchange rate statistically. There were three alternatives, and one of them was selected with Monte Carlo Simulation.
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Olcay Ölçen (2025) studied this question.
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