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Strategic Discussion on U.S Airline Industry
Essay specific features
Written by:
Robert M
Date added:
June 7, 2014
Level:
University
Grade:
A
No of pages / words:
7 / 1775
Was viewed:
5727 times
Rating of current essay:
Essay content:
A survey estimated that from 2001 through 2003, the US airline industry reported to have lost $23.2 billion dollars, compounded by an additional $1.6 billion in the first quarter of 2004. This $24.8 billion shortfall exceeds the total profits earned over the entire six-year period 1995-2000
Drastic changes in the Economic, Political/legal and technological segment of airline's external environment contributed to some of the major looses seen by the industry...
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The key factors that heavily contributed to the loses include
? Economic slow down in the country
? Massive decline in business travel
? SARS epidemic
? Increase in competition
? Availability of substitutes for air travel
? soaring fuel prices
? Weak dollar
In response to the industry's financial crisis, Congress made available several forms of relief that amounted to over $20billion...
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