Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Impact of COVID-19 on Chinese Airlines’ Stock Market

Authors
Hexu Cao1, *
1Wenzhou-Kean University, Wenzhou, China
*Corresponding author. Email: 1129106@wku.edu.cn
Corresponding Author
Hexu Cao
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_88How to use a DOI?
Keywords
COVID-19; Airline Industry; China; Stock Price Influence; Stock Market
Abstract

When the COVID-19 outbreak occurred in late 2019 and early 2020, China took a series of epidemic prevention measures such as quarantine and flight restrictions to control the epidemic and prevent the further spread of the epidemic. This series of measures has increased the domestic airline industry’s flight costs and reduced citizens’ desire to travel. Based on this background, our work conducts a regression analysis on the stock price changes of several representative large airlines and several small and medium-sized airlines in China’s airline industry. Specifically, our work takes a horizontal and vertical comparison method to conclude that the outbreak of COVID-19 has a negative impact on the stock market of the Chinese airline industry and has a greater impact on small and medium-sized airlines. This study’s results can provide a reference for the development of Chinese future aviation industry and a certain investment reference for investors.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_88
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_88How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hexu Cao
PY  - 2022
DA  - 2022/12/27
TI  - The Impact of COVID-19 on Chinese Airlines’ Stock Market
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 772
EP  - 779
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_88
DO  - 10.2991/978-94-6463-052-7_88
ID  - Cao2022
ER  -