Strategic Discussion on U.S Airline Industry
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Title: Strategic Discussion on U.S Airline Industry

Essay Details:

Subject: Business
Author: Justin B
Date: November 15, 2015
Level: University
Grade: A
Length: 6 / 1775

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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