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.


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    Title :

    European airlines conduct after September 11


    Contributors:

    Published in:

    Publication date :

    2003-01-01


    Size :

    11 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English