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Essay / Research Paper Abstract
This 4 page paper discusses the problems within the airline industry and attempts to forecast what might happen in the near future; it also discusses the airlines’ financial position and what changes in this industry mean for the economy. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: D0_HVAirMfg.rtf
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facing difficulties. This paper examines the situation and attempts to forecast what might happen in the near future; it also discusses the airlines financial position and what changes in this
industry mean for the economy. Discussion The airline industry runs on a very thin profit margin; fuel is their single biggest expense. With fuel prices soaring, they have made major
cutbacks: eliminating some routes, flying only when plans are full; doing away with frills like meals, drinks and so on-or charging for them. Most airlines are now considering adding a
charge for a second piece of checked luggage. Perhaps the biggest sign that things are not going well is the proposed merger of two major carriers, Northwest and Delta. The
merger will create the worlds largest airline and although not yet approved by the Justice Department, airline officials expect approval "in light of current economic buffeting the industry. Four discount
carriers have either shut down or declared bankruptcy in the last few weeks" (Grantham and Tharpe, 2008). The merger was also caused by "record jet-fuel prices and a looming recession"
(Grantham and Tharpe, 2008). Other mergers could follow; there is talk of a United-Continental hookup (Grantham and Tharpe, 2008). This merger and other will have ripple effects throughout the industry.
Although Delta denies that there will be any hub closures or job layoffs-for now-those two are common cost-saving measures that will probably have to be implemented in the future. There
are also no plans announced to buy new airplanes, even though the fleet is aging. In fact, another source suggests that the industry is going to have to cull a
good many of its regional jets (RJs); those that have 50 seats or less (Year 2008 airline industry overview, 2008). This source believes the industry will cull "dozens of RJs
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