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United Airlines filed for Chapter 11 bankruptcy in December of 2002. ... Since then, United Airlines have made many changes in an attempt to come out of the bankruptcy. ... Changes in United’s cargo division are happening as well.
As shown in the Washington Business Journal Online, “In 2002, United Cargo generated $673 million in revenue for the Chicago based United. ... 7% of United’s $14. ... United Airlines has laid off 49 of its air cargo employees in Dulles. ... United Cargo explains that this is “part of its organizational redesign to optimize performance while reducing its cost structure, according to a recent United statement.
Sam Peltzman says pressure form FedEx and UPS has been driving down profit margins on airline cargo operations for some time. Since 9/11, the economic downturn has forced airlines to outsource their least profitable functions, which is the cargo business in most cases (Peltzman).
Approximate Word count = 620
Approximate Pages = 2.5
(250 words per page double spaced)
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