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Essay / Research Paper Abstract
This 3 page paper looks at management strategies of US Airways, particularly during their recent restructuring program. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGusair.rtf
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Unformatted sample text from the term paper:
also has a number of independent partners and operates a regional feeder network under the name US Airways Express (Cummings, 2004). In early 2000, US Airways began a
merger plan with United Airlines because the airline did not fit into either category of airlines that were able to make a profit - large airlines and discount airlines (Flight
International, 2001). Talks began in the early part of the year and were formalized in May 2000 for the merger (Flight International, 2001). During the 18 months of merger
discussions, US Airways was unable to take any steps or make changes that might have pulled it out of its financial crisis (Flight International, 2001). As the president and CEO
of the company, Rakesh Gangwal, said, their competition did not stop moving forward, in fact, during those months, 244 additional low-fare flights and 482 additional regional jet flights were added
to US Airways home territory on the East Coast (Flight International, 2001). The airlines losses reached $202 million in just the first seven months of 2001 (Flight International, 2001). Then,
the terrorists attacked America and revenues for all airlines plummeted. The company posted a $2 billion loss in 2001 (Airfinance Journal, 2002). US Airways became the first airline to seek
voluntary bankruptcy protection (Airfinance Journal, 2002). Its primary debt was in aircraft leases (Airfinance Journal, 2002). It was managements attempt to save the airline following their failed merger plans with
United Airlines (Airfinance Journal, 2002). The strength of management practices in this company are clearly seen in the short time it took them to develop a plan and emerge from
bankruptcy restructuring. They arranged financing from various sources so that they could continue operations while the company reorganized (Airfinance Journal, 2002). It also arranged for Texas Pacific Group to invest
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