Air Transportation System

Paper Summary:

This report presents an insight into the airline industry and some of the problems it faces. It argues that there is no doubt that the airline industry is in crisis. It points out that the likes of the large national and international carriers such as American Airlines, Delta, United and Continental were all either operating in the red as continued concerns regarding issues like the price of fuel, terrorism and a weak world economy continue to hamper an industry that was already prone to cyclical downturns. The writer explains that all of these large United States based carriers have either filed or has considered filing bankruptcy to ward of creditors and shareholders alike and also to try and rediscover solvency.

From the Paper:

"The situation in the airline industry is bad to say the least. Major airlines such as American Airlines, Delta, United and Continental have all considered or are already under bankruptcy protection in order to hold off organizational collapse. Since deregulation, bankruptcy has been one of the few saving graces that have helped the major airlines stay solvent. The events of September 11, 2001, where terrorists hijacked planes to use as missiles on several targets has been linked to the decline of the industry and a major cause of their financial troubles."

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