Template-Type: ReDIF-Article 1.0
Author-Name: Olcay Ölçen
Author-Email: olcay.olcen@gmail.com
Author-Workplace-Name:  İstanbul Gelişim Üniversitesi Aviation Management Department, Türkiye
Title:  A REGIONAL FINANCIAL ANALYSIS OF AIRLINE COMPANIES IN COVID-19: ASIA-PACIFIC REGION
Abstract:  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. This study aims 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. At the end of the research, three research models are formed. All the variables are in a relationship with cumulative returns 
out of the USD-AUD currency exchange rate statistically. There were three alternatives, and Arellano and Bover/Blundell and Bond GMM with orthogonal 
transformation were selected after the utilization of Monte Carlo Simulation.
Classification-JEL: B26, O18, R11.
Keywords: Asia-Pacific Region, Airline Finance, Econometric Analysis.
Journal: International Econometric Review
Pages: 1-16
Volume: 17
Issue: 1
Year: 2025
Month: June
File-URL: https://dergipark.org.tr/en/download/article-file/4227707
File-Format: Application/pdf
Handle: RePEc:erh:journl:v:17:y:2025:i:1:p:1-16