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.
Keywords: Asia-Pacific Region, Airline Finance, Econometric Analysis.
JEL Classifications: B26, O18, R11.
DOI #: 10.33818/ier.1553096
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1Dr. Olcay Ölçen, Aviation Consulting Group, ACG, Global Associate-Turkey, İstanbul Gelişim Üniversitesi
Aviation Management Department,(email: olcay.olcen@gmail.com) Tel: +905078612620. ORCID NO: 0000-0002-4835-1171