Article (Scientific journals)
Bankruptcy in international vs domestic markets: Evidence from the airline industry
Mantin, Benny; Forsyth, Peter; Bock, Sebastian et al.
2020In Transportation Research. Part A, General, 132, p. 728-743
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Keywords :
Airline Industry; Bankruptcy; Chapter 11
Abstract :
[en] We study the effects of Chapter 11 bankruptcy protection on competitive product pricing in both domestic and international markets using data from the airline industry. We find a decline of about 5% in domestic markets and an even more significant drop in international markets. Further, in international markets the competing carriers respond by dropping their prices as well, whereas they slightly increase them domestically. By contrast, existing literature considers only domestic markets finding a more moderate fare drop of about 3% in domestic markets by the bankrupt carrier, with mixed results on the fare drop by competitors.
Disciplines :
Production, distribution & supply chain management
Author, co-author :
Mantin, Benny ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF)
Forsyth, Peter
Bock, Sebastian
Niemeier, Hans-Martin
External co-authors :
yes
Language :
English
Title :
Bankruptcy in international vs domestic markets: Evidence from the airline industry
Publication date :
February 2020
Journal title :
Transportation Research. Part A, General
ISSN :
0191-2607
Publisher :
Pergamon Press, United Kingdom
Volume :
132
Pages :
728-743
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBilu :
since 12 June 2019

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