memo_quiz_spg_07 - • You have $2 billion in the bank to...

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BCOR 2300 Spring 07 Memo - Quiz # 2 – Due March 15- TO BE HANDED IN…NOT EMAILED You are the CEO of a successful airline, NorthEast Airlines. You are writing a memo to your employees telling them why the airline is doing so well, and thus why, after 25 years, no one will be laid off during this economically challenging time. Some of the reasons why NorthEast is doing so well include: You hedged on gas prices and bought fuel futures when the cost was low You have a linear, not hub and spoke, route system that serves major and minor cities with great efficiency
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Unformatted text preview: • You have $2 billion in the bank to get you through the rough times and, therefore, do not have to borrow money to stay aloft • Your debt to equity ratio IS NOT 99/1 like many other carriers • You are picking up routes that other carriers are abandoning You want to congratulate them on a job well done and to encourage them to keep working hard to keep NorthEast Airlines flying high and profitable. You may use MS memo wizards if you choose. Remember, you are bringing this to class on March 15....
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