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2026-04-01

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cc-by (c) Bergantino, Angela S. et al., 2026
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/227218

Too big to stay? The restructuring of Italy’s flag carrier and its consequences on airline pricing

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Recurs relacionat

https://doi.org/10.1016/j.tre.2026.104695

Resum

Airline financial distress is a global phenomenon, yet its market implications remain underexplored. A notable case is the restructuring of Italy’s flag carrier, Alitalia, which went bankrupt and ceased operations on October 14, 2021. The following day, ITA Airways took over, inheriting parts of Alitalia’s network while operating under a distinct governance and management structure. This article examines how this transition has affected Italy’s aviation market and fare dynamics. By estimating price regressions at the route level using monthly fare data from 2017 to 2023, and by accounting for the non-random selection of routes retained by the airline after the reorganization, we find that the restructuring led to lower fares in the domestic market but higher prices on international routes, particularly for long-haul flights. In response to competitive pressures, ITA has adopted a more complex pricing strategy: functioning as a low-cost carrier domestically while raising fares on long-haul routes.

Matèries

Aviació, Transport aeri, Estats financers, Política de preus

Matèries (anglès)

Aeronautics, Commercial aeronautics, Financial statements, Prices policy

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Col·leccions

Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

Citació

BERGANTINO, Angela S., et al. Too big to stay? The restructuring of Italy’s flag carrier and its consequences on airline pricing. Transportation Research Part E: Logistics and Transportation Review. 2026. Vol. 208. ISSN 1366-5545. [consulted: 20 of August of 2026]. Available at: https://hdl.handle.net/2445/227218

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