BCOR 2300 memo quiz

BCOR 2300 memo quiz - cost was low • You have a linear...

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Memo - Quiz #1 Due TO BE HANDED IN…NOT EMAILED -Memos must be typed (Hand written memos will NOT be accepted.) -Please include your NAME and STUDENT I.D. NUMBER. -You may use MS memo wizards, if you choose. 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
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Unformatted text preview: cost was low • You have a linear, not hub and spoke, route system that serves major and minor cities with great efficiency • 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....
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