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The impact of oil prices shocks in the valuation of stock prices of aviation companies

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  • Gabbiadini, Mirko
  • Meoli, Michele
  • Paleari, Stefano

Abstract

This study investigates the impact of oil price changes on the market value of the aviation industry. We analyze a sample of 121 airlines and 30 airports listed worldwide between 2000Q1 and 2023Q4 and find that overall, oil price changes deteriorate the market value of the aviation industry.

Suggested Citation

  • Gabbiadini, Mirko & Meoli, Michele & Paleari, Stefano, 2026. "The impact of oil prices shocks in the valuation of stock prices of aviation companies," Journal of Air Transport Management, Elsevier, vol. 130(C).
    • Handle: RePEc:eee:jaitra:v:130:y:2026:i:c:s0969699725001450
    DOI: 10.1016/j.jairtraman.2025.102882
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