ANALYSIS OF THE MERGER BETWEEN AZUL & TRIP UNDER THE OPTICS OF THE EFFICIENCY GAINS

ABSTRACT This article aimed to evaluate the merger between the airlines Azul and Trip, measuring the potential efficiency gains from the act of concentration. Data envelopment analysis (DEA) models, in conjunction with the resampling technique called bootstrap, were used as instruments for this measurement. The results showed that: the efficiency gains resulting from the merger are very small; a combination between the application and the theory shows that the gains could be negative; the effects of scale do not work in favor of the merger, while the learning effects works in favor of the merger; the gains could occur in isolation (individually).