AbstractThe 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.
European airlines conduct after September 11
Journal of Air Transport Management ; 10 , 2 ; 97-107
2003-01-01
11 pages
Article (Journal)
Electronic Resource
English
European airlines conduct after September 11
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