The recent merger between US Airways and American Airlines was approved by federal and state antitrust authorities … anticompetitive effects from this merger. The economics literature offers many reasons why such stock-market event studies should not … unrelated to competitive harms, such as when a merger changes expectations that one or more rivals will be “in play” (i.e., a …

The COVID-19 outbreak dealt a severe blow to the global economy, especially to the airline industry, due to worldwide … airline stock performance of seven markets in Asia and three other markets in Australia, Germany and the United States. The … data is collected from 42 airline firms from 2019 to 2020. The research outcomes indicate that: (a) COVID-19 only …

obtain abnormal returns that are statistically significant after the announcement of the M&A. However, when the merger is not …

Coors and Miller merger, which is consistent with models of coordinated pricing that predict lower equilibrium prices during …