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Effect Of Air Carrier Restructuring Strategies On Post-Bankruptcy Performance, Harold Dale Townsend

Doctoral Dissertations and Master's Theses

Air carrier bankruptcy is a common occurrence in the aviation industry. However, there is a paucity of research on the topic of air carrier restructuring during the post-bankruptcy period. General restructuring literature has identified four types of actions: operational, financial, managerial, and portfolio. The purpose of this study was to partially fill the large literature gap in the area of air carrier post-bankruptcy performance through theoretical and practical contributions.

A multilevel exploratory factor analysis was conducted to explore whether the same restructuring areas were found in air carrier specific metrics. All four restructuring areas were found in the factor analysis. …