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Essay Details:
Essay text:
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. 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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Common topics in this essay:
- Airline Industry
- Airline Industry: Southwest Airline
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- EXTERNAL FORCES SHAPING THE FUTURE OF THE AIRLINE INDUSTRY
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