Effect of Covid-19 on Aviation Industry- A case study of American Airlines and Air China Ord Shs H

ABSTRACT

The airline industry was one of the industries that significantly impacted on a large scale the most during the Covid-19 pandemic. Resulting from the airline is one of the most convenient travel choices around the globe. Consequently, the pandemic makes the airline industry the most precarious and volatile and thus, making businesses difficult to continue. Some of the factors that influenced the operation of the airline industry include limitation to travel due to lockdowns and curfew systems adopted by various countries, capacity cut to abide by the World Health Organization protocols of social distancing, stock market financial bailout, government regulations, and labor and employment. This study discusses the impact of Covid-19 on the stock market in the case of the American Airline Group Inc. and Air China Ord Shs A. Since These two companies operate under the same industry but different markets, the study also explores the volatility of stock markets in other countries. © 2022 ACM.