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Essay text:
Then I will apply some course concepts to these ongoing problems the airline industry is facing. Finally, I will give some recommendations on what economic decisions should be made to save them from filing for bankruptcy.
Airlines
Background
Many of the major airline companies among the United States are facing overwhelming debts they will never be able to pay back. Of the ten largest airline carriers in the United States, only one of the companies recorded a profit for 2004. The collapse of many airline companies could happen by the end of this year if a solution is not reached on how to overcome some of their financial problems “Nearly 20 percent of operating airlines are operating under chapter 11 bankruptcy today, and those companies are still finding ways to borrow more money from their lenders to stay in business...
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