Turbulence Ahead

Turbulence Ahead

1. Introduction One of the most important traits a manager must possess is the ability to make adjustments to changes in manpower, budget, equipment, inventory, technology, and customer needs. Given a certain situation, a manager must be able to make the wisest decision in order to accomplish the mission. Drastic events such as 9-11, Operation Desert Freedom, Noble Eagle I & II, have caused a major impact on today’s economy. As a result, the industry that was affected the most was the airline industry . This current analysis will clearly show that a manager must be able to use all of his resources to make adjustments from events that impact his environment as well as his responsibility role that affects his entire chain of command. The evaluation will concentrate on one specific event: 9-11. You will see a variety of economic sources and periodical articles listed that have studied the results of this tragic event. Furthermore, this case analysis will carry examples of the effects on the airline industry and personal experiences. 2. Afterward Effects of 9-11 and the Airline Industry The immediate impact of the 9-11 attacks was felt worldwide. The streets were quiet, and the words exchanged with one another were limited, for we had felt a tragic loss among us. Needless to say, one tragic loss was the sharp fall of stocks within the airline industry . It seemed to set off a domino effect that immediately called for personnel, salary, and Executive Officer cutsl. People began to fear traveling via the airlines, thus a drastic drop in passenger bookings took place. There was a 20% drop in domestic bookings as well as a 40% drop on transatlantic flights . From a manager’s point of view, the need to accomplish the mission is essential. A situation like this one caused an economic burden that led to a need to restructure the company’s current plans. A quick shift…


Comments are closed.