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The Effects of Airline Strikes on Struck and Nonstruck Carriers

Author

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  • Richard A. De Fusco
  • Scott M. Fuess Jr.

Abstract

This study provides new evidence on the industrywide impact of strikes by investigating how strikes have affected the values of struck and nonstruck airlines. Using stock market data for the years 1963–86, the authors show that most strikes adversely affected the value of struck airlines' stock but enhanced the stock value of nonstruck carriers. The results also show that strikes before October 1978, which marked the end of strict regulation of the industry and of the employers' mutual aid pact, had some effects different from those of strikes after that date.

Suggested Citation

  • Richard A. De Fusco & Scott M. Fuess Jr., 1991. "The Effects of Airline Strikes on Struck and Nonstruck Carriers," ILR Review, Cornell University, ILR School, vol. 44(2), pages 324-333, January.
    • Handle: RePEc:sae:ilrrev:v:44:y:1991:i:2:p:324-333
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    Cited by:

    1. Jonathan Gruber & Samuel A. Kleiner, 2012. "Do Strikes Kill? Evidence from New York State," American Economic Journal: Economic Policy, American Economic Association, vol. 4(1), pages 127-157, February.
    2. Shafiq Alvi, 2001. "The impact of strikes on Canadian trade balance," Applied Economics Letters, Taylor & Francis Journals, vol. 8(6), pages 389-396.
    3. Tomasz Piotr Wisniewski & Brendan John Lambe & Alexandra Dias, 2020. "The Influence of General Strikes against Government on Stock Market Behavior," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(1), pages 72-99, February.
    4. James McDonald & Harry Bloch, 1999. "The Spillover Effects of Industrial Action on Firm Profitability," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(2), pages 183-200, September.
    5. Martin B. Schmidt & David J. Berri, 2004. "The Impact of Labor Strikes on Consumer Demand: An Application to Professional Sports," American Economic Review, American Economic Association, vol. 94(1), pages 344-357, March.
    6. Afik, Zvika & Haim, Roi & Lahav, Yaron, 2019. "Advance notice labor conflicts and firm value—An event study analysis on Israeli companies," Finance Research Letters, Elsevier, vol. 31(C).

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