Buy custom Problem Solution Paper: Classic Airlines
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2972 |
Essay's paper body
This member base is down by 20 percent, or 160,000 customers. The company is facing a crisis with losing their customers to competitor airlines.
In addition to the reduction in customer base, the airline cut flight prices over the past year. This price cut placed them right above their acceptable margins...
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This price cut placed them right above their acceptable margins. The company is now facing a price war with other airlines, but they have no ability to lower their prices any further.
Classic seems to be facing a lack of trust in their image and brand. The company has realized a continuous drop in their stock prices over the past year...
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