The information content of earnings releases by global airlines

Stephen X.H. Gong; Michael Firth; Kevin Cullinane

doi:10.1016/j.jairtraman.2006.01.001

The information content of earnings releases by global airlines

Stephen X.H. Gong^*, Michael Firth, Kevin Cullinane

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

This paper provides a systematic assessment of the usefulness of earnings releases by global airlines. Utilizing a standard event study methodology, it is found that the sample as a whole does not possess significant information content. The information content of earnings is found to be related to the size of the releasing firm but no clear differences are detected for airlines from different accounting clusters. Several possible explanations are offered for the lack of strong earnings information content in the context of global airlines.

Original language	English
Pages (from-to)	82-91
Number of pages	10
Journal	Journal of Air Transport Management
Volume	12
Issue number	2
DOIs	https://doi.org/10.1016/j.jairtraman.2006.01.001
Publication status	Published - Mar 2006
Externally published	Yes

Keywords

Airline finance
Earnings
Event study
Global airlines

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10.1016/j.jairtraman.2006.01.001

Cite this

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The information content of earnings releases by global airlines

Abstract

Keywords

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