Posted in Technically Speaking on May 8th, 2008
A Look at Financial Statements
A lot of companies have released financial reports in the last week or so. With companies and airlines suffering from fuel costs and other factors, entire routes are being eliminated, and daily flights are being trimmed:
US Airways cut 10 routes from its Las Vegas hub effective Aug. 19.
American Airlines says it will stop serving Oakland International Airport.
JetBlue is looking at shorter flights instead of focusing on long-haul flights.
What is your company doing to compensate for financial losses? Are you forming new alliances within the industry? Selling assets? Raising prices for services? Is the focus on the customer or the bottom line? We’d like to hear from you.
Thanks for reading.
What happened to Joe??
Same question
He went to work in the heating and air conditioning business…..more money, less hours and no Federal Air conditioning Authority (FAA)
Joe left AMT for another opportunity. I believe he’ll still be involved in aviation. It was an honor and a privilege to work with him.
I am a GM at a CRS in the US. I work for a global MRO. Our CRS is focused on customer service and not bottom line. We keep our costs as low as we can. Our high level of customer service keeps the margin nominal. We are focused on asset levels. With out the lease unit we usually don’t get the work. The cost of keeping these assets grinds the bottom line. The cost control seems to be to eliminate positions as redundent and give those responsibilities to someone who already has a job. Then one becomes a jack of all trades and a master of none.
Our customers fly hard and often. It is a challenge to make money and keep them happy.