Airline Industry Overview
Airline Industry Overview
History – The airline business has been in existence for over 75 years. There have been many upward and downward swings in the overall airline business economy. History has recorded that while 140 airlines have declared Chapter 11; only two have emerged. Today, the U.S. airline industry is facing an unprecedented financial crisis and the outlook is bleak. Only one major carrier that has shown a profit over the past four years and, in the same timeframe, the other major carriers show a combined total loss in excess of 25 billion dollars. This downward spiral cannot be attributed solely to the 9/11 disaster, many other factors contributed to their downfall.
From an investor's point of view uncertainty, instability, and mismanagement have made the airline industry an unattractive, if not bad, investment. The terrorist attacks of September 11th generated an economic slowdown that disproportionately hurt carriers. Numerous other factors including soaring......
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Approximate Word Count: 1463
Approximate Pages: 6 (250 words per double-spaced page)
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