An empirical model of airline fleet standardization in Brazil: Assessing the dynamic impacts of mergers with an events study

Autor(es)

Narcizo, Rodolfo R. ; Oliveira, Alessandro V. M. ; Dresner, Martin E.

• Tipo de documento: Artigo Científico
• Fonte: TRANSPORT POLICY; v. 97, p. 12-pg., 2020-10-01.

Resumo

This paper develops an empirical model to investigate the strategic fleet management practices in the air transport industry regarding airline fleet standardization (AFS). We conduct an econometric analysis of the key drivers of AFS in Brazil and study the dynamic effects of five merger events. We find evidence of a significant drop in AFS following most of the consolidations, which is gradually reversed during the post-merger integration efforts. Additionally, except for the major full-service carrier, all other airlines had an estimated overall trend toward more intense fleet standardization over the entire period, revealing a stronger preference for seeking cost competitiveness over market opportunity when facing competition in the market. (AU)

• Processo FAPESP: 15/19444-1 - Taxação de emissões de gases de companhias aéreas: modelagem econométrica para investigar seus potenciais efeitos sobre o transporte aéreo brasileiro
• Beneficiário: Alessandro Vinícius Marques de Oliveira
• Modalidade de apoio: Auxílio à Pesquisa - Regular
• Processo FAPESP: 13/14914-4 - Avaliação empírica dos impactos competitivos de regras regulatórias de redistribuição de slots em aeroportos
• Beneficiário: Alessandro Vinícius Marques de Oliveira
• Modalidade de apoio: Auxílio à Pesquisa - Regular