Global markets have reacted strongly to the increase in cases of the novel coronavirus outside of China. Airline stocks have taken a particularly big beating, with American Airlines (NASDAQ: AAL) stock shedding about 25% of its value over the last 4 days.
In this analysis, we compare how American Airlines’ stock reacted to previous epidemics such as SARS (2003) and H1N1 (2009) to understand whether the stock could go lower or if it’s time to get in. Overall, we find that the best time to buy during such outbreaks has historically been just before the disease peaks. While it could be difficult to call a peak for COVID-19, SARS cases peaked roughly 6 weeks after the disease was identified as being meaningful (reported to WHO) and about 18 weeks after it was first detected.
#1.1 How Did The Stock Price For American Airlines & Its Rivals React To SARS?
#2. H1N1 Pandemic of 2009
#2.1 How Did The Stock Price For American Airlines & Its Rivals React To H1N1?
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