Do airlines always suffer from crashes?

Ho, Jerry C., Qiu, Mei, & Tang, Xiaojun (2013) Do airlines always suffer from crashes? Economics Letters, 118(1), pp. 113-117.

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We examine the impact of aviation disasters on the stock prices of the crash airlines and their rival airlines. Results show that the crash airlines experience deeper negative abnormal returns as the degree of fatality increases. The stock prices of the rival airlines also suffer in large-scale disasters but benefit from the disasters when the fatality is minor.

Impact and interest:

4 citations in Scopus
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4 citations in Web of Science®

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ID Code: 73811
Item Type: Journal Article
Refereed: Yes
Keywords: Air crashes, Stock market, Contagion effect, Switch effect, Event study
DOI: 10.1016/j.econlet.2012.09.031
ISSN: 0165-1765
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 14 Jul 2014 00:38
Last Modified: 15 Jul 2014 01:33

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