An Introduction to the History of Eastern Airlines (1242 words, 4 pages)
In 1986, Eastern Airlines was in desparate trouble. The fourthquarter of 1985 had shown a 67.4 million loss, and financially expertshad told Frank Borman, president and chief executive officer, that theairline had three choices 1) a 20 percent pay cut for all union andnoncontract employees. 2) Filing for Chapter 11 ...
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