Detzen, Dominic; Jain, Pankaj K.; Likitapiwat, Tanakorn; … - In: Journal of Air Transport Management 18 (2012) 1, pp. 59-63
We conduct event studies and statistical analysis to explore the impact of low cost carriers’ entry on legacy airline stock prices. Oligopoly structures, entry barriers, and high fixed costs make the airline industry highly susceptible to competitive and network expansion impact of low...