The Effects of Airline Strikes on Struck and Nonstruck Carriers

This study provides new evidence on the industrywide impact of strike 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.

Publication Information
Article Title: The Effects of Airline Strikes on Struck and Nonstruck Carriers
Journal: Industrial and Labor Relations Review (1991)
v. 44, iss. 2, pp. 324-33
Author(s): DeFusco, Richard A;  Fuess, Jr., Scott M
Researcher Information
DeFusco, Richard A
DeFusco, Richard A
Department Chair
  • Financial Markets & Investing
  • International Trade & Finance
CoB 425 Z
P.O. Box 880490
University of Nebraska-Lincoln
Lincoln, NE 68588-0490, USA
Phone: (402) 472-6763
Fax: (402) 472-5140
Fuess, Jr., Scott M
Fuess, Jr., Scott M
Steinhart Foundation Distinguished Professor of Business, Department Chair
  • Economy of Japan
  • Labor Economics (wages, employment, working conditions, unions)
  • Macroeconomics
CoB 525 Y
P.O. Box 880489
University of Nebraska-Lincoln
Lincoln, NE 68588-0489, USA
Phone: (402) 472-0336
Fax: 402-472-4426