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Essay text:
The challenge in maintaining working capital to an acceptable level is becoming harder; fuel cost and labor are increasing rapidly which limits the ability to provide an advantageous frequent flier program. Classic Airlines with its 25 years of operation has grown to an organization of 32,000 employees and earned$10 million on $8.7 billion in sales. With the September 11 terrorist attacks the economy went down and Classic Airlines went down with the economy. Its share prices decrease by 10% and its employees’ morale went down due to the negativity from Wall Street. Classic Airline customer’s loyalty declined Classic’s Rewards Program decrease 19% in the number of members and 21% in flights per remaining members...
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