Commercial Aviation: Legacy Airlines Must Further Reduce Costs to Restore Profitability
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "Since 2001, the U.S. airline industry has confronted financial losses of previously unseen proportions. From 2001 to 2003, the industry lost $23 billion, and two of the nation's biggest airlines have gone into bankruptcy. To assist airlines, the Congress provided U.S. airlines with $7 billion of direct financial assistance--most recently in the form of $2.4 billion of financial assistance under the 2003…
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Date:
August 11, 2004
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department