American airlines’ takeover of TWA: an ex-post analysis of financial market information

Triant Flouris and Steve Swidler

Journal of Air Transport Management, 2004, vol. 10, issue 3, 173-180

Abstract: This paper examines the stock market's reaction to the announcement of American Airline's takeover of Trans World Airlines, and then analyzes subsequent price movement through the completion of the merger. A second part of the analysis looks at American Airline's stock performance following the events of September 11, 2001. Given the dramatic changes to the airline industry after this national tragedy, it is possible that September 11th had further implications for the economic gains of the merger. As part of this analysis, we compare American's performance to Delta Airlines, a carrier similar in scope and size.

Keywords: Mergers; Economic performance; Financial analysis; American airlines; TWA (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0969699703000747
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:10:y:2004:i:3:p:173-180

DOI: 10.1016/j.jairtraman.2003.10.002

Access Statistics for this article

Journal of Air Transport Management is currently edited by Anne Graham

More articles in Journal of Air Transport Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().