Analyzing the Impact of Crude Oil Price Changes on Airlines' Stock Prices in the Indian Aviation Industry

Author(s)	Laksh Choudhary
Country	India
Abstract	The study examined the connection between airline stock prices and crude oil prices. It focused on five airlines - Air India,, IndiGo, Jet Lite,,Jet Airways, and Spice Jet - as well as three types of crude oil markets based on their market capitalization: WTI-West Texas Intermediate and Texas Light Sweet; Brent-North Sea Brent Crude; and Dubai-Dubai Crude. The results revealed that changes in crude oil prices influenced most of the airline stock returns. Specifically, Air India, IndiGo, Jet Airways, and Spice Jet showed significant correlations between their stock returns and crude oil prices during the study period from January 1,,2007 to November 30, 2018. These findings have implications for individual investors, institutional investors, and policymakers.
Keywords	Crude Oil Price, Airline Stock Return, Descriptive Statistics, Unit Root Test, Correlation Matrix, Granger Causality Test
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-15
Cite This	Analyzing the Impact of Crude Oil Price Changes on Airlines' Stock Prices in the Indian Aviation Industry - Laksh Choudhary - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.17325
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.17325
Short DOI	https://doi.org/gtq3c4

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