European airlines conduct after September 11

Marco Alderighi and Alessandro Cento

Journal of Air Transport Management, 2004, vol. 10, issue 2, 97-107

Abstract: The paper analyses the reorganisation that European carriers have implemented after September 11 in the transatlantic flights. We model carriers’ conduct as a mixture of short- and long-term goals, where the weights depend on firm-specific variables (adjustment costs, financial situation) and subjective expectations on the crisis duration. Data provide some support to our conjectures that high adjustment costs induce low flexibility and a focus on the long-term; and that a bad financial situation shifts the carries attention to short-term. Finally, the analysis of the composition of short- and long-term reaction provides some insights into the carriers’ perspectives of the crisis duration.

Keywords: Airline finances; Crisis management; Airline conduct; Transatlantic market (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:10:y:2004:i:2:p:97-107

DOI: 10.1016/S0969-6997(03)00053-X

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