Airline Industry
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Title: Airline Industry

Essay Details:

Subject: Business
Author: Jason K
Date: July 19, 2016
Level:
Grade: A
Length: 2 / 307

Essay text:

In the 1990s, a global economic recession and surging energy prices attendant the Gulf War severely crippled airline results. In the two years ended 1992, the U.S. airline industry lost approximately $6 billion. Many carriers were dissolved. Venerable names such as Pan Am and Eastern disappeared, and TWA and Continental filed for Chapter 11 bankruptcy protection. Consolidation continued throughout the decade so that by the late 1990s the top six U.S. airlines accounted for threequarters of all domestic air traffic.4 TWA has since been absorbed by American Airlines, further concentrating the dominance of major carriers...

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