Real-World & Alternative DataExtended setexperimental liveNew

Wildfire Smoke Airline Short

Updated dailyData needs: mediumshort only
paper
2024
Source
Cohen, M.A. et al (2024). "Climate Risk and Airline Operations." J. Transportation Research Part D. Combined with Currie-Schmeider 2009.
Citation only, paper link pending.

In plain terms

When major wildfires (including in Canada) blanket US airline hubs in smoke and degrade air quality, airlines face delays, diversions, and lost revenue. Short the US airline basket for 1-4 weeks after the worst smoke events.

How it works

Major wildfire smoke-plume events degrade visibility and air quality at major US airline hubs (SFO, LAX, SEA, DEN, BOS, JFK — e.g. the 2023 Canadian-fire smoke event blanketing the Northeast), triggering ground stops, diversions, and lower load factors. Major US airlines (LUV, DAL, UAL, AAL, ALK) take revenue and on-time-performance hits over the 5-15 day post-event window.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • Viirs fires

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Reported return
-1 to -3% over 5-20d
Tested over
T+1 to T+20d

-1 to -3% over 5-20d on airline basket during top-decile smoke events.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore Wildfire Smoke Airline Short on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more