airlines went bankrupt. Despite this‚ some low-price‚ low-cost airlines‚ such as Southwest and JetBlue still managed to make profits. Delta took notice of this and after three years of the company losing billions of dollars they decided to try something radically different by creating a separately branded airline called Song. To compete with traditional airlines like American Airlines and upstarts like JetBlue‚ Song completely altered the common way of flying. Song got rid of sky-high airfare rates
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"The nuclear arms race is like two sworn enemies in a standing waist deep in a gasoline‚ one with three matches and the other with five." Carl Saga. It all started with the discovery of the fission of the element Uranium‚ by Otto Hahn in 1938. But it was only in 1957 that the first commercial nuclear power plant was started to be operational in Calder Hall‚ Windscale‚ England. Since we have seen a series of breakthroughs in the field‚ but at the same time succumbed to some of the most disastrous
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Issued: October 10‚ 2006 Contact: Jay Sorensen‚ 414-961-1939 IdeaWorksCompany.com Europe’s Top 4 Low Cost Carriers Generated 470 Million Euros (US$593 Million) From Non-Ticket Sources in 2005 But U.S. frequent flier programs produced revenues estimated at 2.5 billion Euros (more than US$3 billion) and better per passenger results. 1 Revenues from non-ticket sources‚ which are called ancillary revenues‚ have become an important financial component for low cost carriers (LCCs) in Europe and throughout
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you read in this chapter‚ summarize in one page or less how you would explain Enron’s ethical meltdown. Ethics refers to “the principles of conduct governing an individual or a group; specifically‚ the standards you use to decide what your conduct should be (Dessler‚ 2011).” Secondly ethical decisions always involve questions or morality (Dessler‚ 2011). Anyone that had anything to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled
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services * Price wars * Product substitution * Fluctuating demand of air travel by economy class * Increasing cost of aviation fuel - Long term fuel/oil prices and hedge activities. - Rising labor costs. - New low-cost carriers (Competitors Jetblue‚ Airtran - being copied) - New regional jets - Recession - decrease in air travel - Terrorist attacks - Operates mainly its own booking service # Weather patterns (e.g. Volcanoes) # Health Scares‚ Pandemics # Economic Cycles # Terrorist Attacks
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plant) in the immediate years following the meltdown were unsuccessful‚ as the plaintiffs could not conclusively prove that the TMI-2 incident had released enough radiation to cause any adverse injuries.33 Despite the insignificant impact that the TMI-2 meltdown ultimately had‚ this is not how the public perceived the incident. The public‚ as explained above‚ only understood a mixture of a fictitious film describing the horrors of a nuclear meltdown and the perception of the destructiveness of
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Southwest Airlines: The AirTran Acquisition Executive Summary 1. After the deregulation of the US Airline industry in 1978‚ the barriers to entry within the industry came down significantly and many Low Cost Carriers emerged overtime. 2. The emergence of rival Low Cost Carriers and the improvement in the Operation Efficiencies of Full Cost Carriers progressively eroded Southwest’s competitive advantage. 3. A closer look at AirTran’s value chain and its resultant efficiency shows
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Retrieved August 4‚ 2009‚ from Market Watch Web site: http://www.marketwatch.com/investing/stock/LUV Ahlers‚ Mike M Andrejczak‚ Matt (2009‚ July 8). Airline stocks edge lower; JetBlue‚ Southwest advance. Retrieved August 4‚ 2009‚ from Market Watch Web site: http://www.marketwatch.com/story/airline-stocks-edge-higher-jetblue-up-3 Benn‚ Kerry Grace (2009‚ July 21) Colvin‚ Geoff (2009‚ March 2). A Powerful Asset. Retrieved August 4‚ 2009‚ from CNN Money Web site: http://money.cnn.com/2009/02/27/news/companies/colvin_intro
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HRM 533 : INTRODUCTION TO HRM INDIVIDUAL ASSIGNMENT REQUIREMENT Question 1: Describe the major types of HRM activities. Which is the most important? Why? The major types of HRM activities:- 1. Payroll Handling compensation concerns is a chief duty of the HR department. Processing payroll accurately and on time is of great importance to everyone at the company. The main types of compensation that an HR professional deals with are guaranteed pay and variable pay. Guaranteed pay is an employee’s
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Delta Airline Case 1- During the 1990’s‚ none of the five largest air carriers in the United States earned its cost of capital. Why do such low rates of return on investment persist in the airline industry? That’s correct‚ airline companies margins were below the average for US industries for a long time‚ especially after the 1978 deregulation. For 40 years‚ prior to 1978‚ the airline companies had operated under the regulation of the CAB (Civil Aeronautics Board)‚ which was responsible for
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