AIRLINE ALLIANCES AND PARTNER FIRMS' OUTPUTS

摘要

This paper analyzes the effects of airline alliances on partner airlines' outputs by comparing traffic changes on alliance routes with those on non-alliance routes. A theoretical model of an airline alliance is developed. And an empirical analysis is then conducted using panel data from four major alliances in North Atlantic markets during the 1992-1994 period. It is found that most of the partners have greater traffic Increases on their alliance routes than those on their non-alliance routes, supporting a hypothesis derived From the theoretical model.