The Effect of Aviation Disasters on the Air Transport Industry: A Financial Market Perspective
Don M. Chance, Stephen P. Ferris
Abstract
Don M. Chance, Stephen P. Ferris
Abstract
When an aircraft crashes, there is an immediate fall in the market price of the stocks of the airline, but no subsequent reaction. The stocks of other airlines and of aircraft manufacturers are not affected.
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When an aircraft crashes, there is an immediate fall in the market price of the stocks of the airline, but no subsequent reaction. The stocks of other airlines and of aircraft manufacturers are not affected.
Key concepts: Aviation, Air transport, Business, Air travel, Perspective (graphical), Finance, Interlining, Industrial organization