diff --git a/autoload/airline/extensions/tabline/formatters.vim b/autoload/airline/extensions/tabline/formatters.vim
index 9a0fa8f..749c60d 100644
--- a/autoload/airline/extensions/tabline/formatters.vim
+++ b/autoload/airline/extensions/tabline/formatters.vim
@@ -2,6 +2,7 @@
 " vim: et ts=2 sts=2 sw=2
 
 let s:fmod = get(g:, 'airline#extensions#tabline#fnamemod', ':p:.')
+let s:fnamecollapse = get(g:, 'airline#extensions#tabline#fnamecollapse', 1)
 let s:buf_nr_format = get(g:, 'airline#extensions#tabline#buffer_nr_format', '%s: ')
 let s:buf_nr_show = get(g:, 'airline#extensions#tabline#buffer_nr_show', 0)
 let s:buf_modified_symbol = g:airline_symbols.modified
@@ -17,7 +18,11 @@ function! airline#extensions#tabline#formatters#default(bufnr, buffers)
   if empty(name)
     let _ .= '[No Name]'
   else
-    let _ .= substitute(fnamemodify(name, s:fmod), '\w\zs.\{-}\ze\/', '', 'g')
+    if s:fnamecollapse
+      let _ .= substitute(fnamemodify(name, s:fmod), '\v\w\zs.{-}\ze(\\|/)', '', 'g')
+    else
+      let _ .= fnamemodify(name, s:fmod)
+    endif
   endif
 
   if getbufvar(a:bufnr, '&modified') == 1
diff --git a/doc/airline.txt b/doc/airline.txt
index 14c6d04..b203b85 100644
--- a/doc/airline.txt
+++ b/doc/airline.txt
@@ -331,6 +331,9 @@ virtualenv <https://github.com/jmcantrell/vim-virtualenv>
 <
     * configure the formatting of filenames (see |filename-modifiers|). >
       let g:airline#extensions#tabline#fnamemod = ':p:.'
+<
+    * configure collapsing parent directories in buffer name. >
+      let g:airline#extensions#tabline#fnamecollapse = 1
 <
 * configure the minimum number of buffers needed to show the tabline. >
   let g:airline#extensions#tabline#buffer_min_count = 0