Effects of Southwest Airlines on Carrier Profits and Entry Probabilities

Table 5

Changes in entry probabilities when Southwest is counterfactually removed.

Airline	Biggest positive change (%)	Median change (%)
FSC nonstop	30.4	12.3
FSCs: AA, DL, and UA
FSC connect	19.5	7.1
JetBlue nonstop	36.0	16.4
JetBlue connect	24.4	11.6
Small LCC nonstop	41.1	18.2
Small LCC connect	26.7	11.0

Note. The author reports the biggest positive change and the median change in the upper bounds of entry probabilities. The parameter values in column (II) in Table 3 are used to calculate.