Looks at the economic impact on US airways of the 9/11 terrorist attack and the airline's planned restructuring.
Written in 2004; 2,050 words; 10 sources; MLA; $ 64.95
Paper Summary:
This paper explores the extent to which US Airways was affected by the events of September 11 and the restructuring strategies it has begun to implement in an attempt to recover from bankruptcy and economic ruin. The reasons for the airline's economic decline are stated, and the measures implemented in order to improve liquidity, increase revenues, and reduce costs, while simultaneously taking advantage of competitive strengths are outlined, as well.
From the Paper:
"One of the principal certified air carriers in the US for transport of passengers, property and mail is US Airways. They have a code sharing arrangement with nine other air carriers to operate under the joint trade name "US Airways Express". These airlines include Allegheny, piedmont, PSA and Potomac. This airline serves nearly 200 cities in the US, Canada, Mexico, Europe and the Caribbean and is the 7th largest airline in the United States. The airline filed for bankruptcy protection on August 11th, 2002 and was the first among the airlines to seek bankruptcy protection. This was the first filing of bankruptcy protection by a major airline since the attacks of September 11th. Of course, the attack of September 11th has triggered a financial crisis in the entire industry."
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