management memo quiz - great efficiency • We have $2...

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NorthEast Airlines Memo To: NorthEast Airlines Employees From: Andrea Leonhardt CC: NorthEast Airlines Employees Date: 5/13/2009 Re: Congratulations on a job well done. It is my pleasure to inform you that after 25 years, no one will be laid off during this economically challenging time. There are several reasons why the company as a whole is doing so well. These include: We bought fuel features when the cost was low. We have a linear, not hub and spoke, route system that serves major and minor cities with
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Unformatted text preview: great efficiency. • We have $2 billion in the bank to get through hard times, and therefore do not need to borrow from the bank. • Our debt to equity ratio is not 99/1 not like other carriers • We are continuing to pick up routes that other carriers are abandoning. I just want to let you know how much I appreciate all the hard work that everyone has put into the company. So let’s keep working hard and keep NorthEast Airlines flying high and profitable. Great Job team! 1...
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