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Liarv (Received ad Apill!?95; Swe Wm. final v&on &c&q. received VA 2UW. July US.4 1996) We analyze the etkt 04 privatization on the performance of British Airways by examining the privatization s impa on airfares and competitors stock priax We find that stodc prim of U.S. annpetil9rs fell a sigoiticant 7% up00 British Airways privatb tion. imply expectation afa more annpetitive British Airways Closcx rivals d British Aimarn agcPlcrdrcpinstoclrpiccthanmonctiwntrivakFurthcr. ai.
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