Friday, January 7, 2005

Financial Distress can reduce revenues. The USAIR case

In class discussions of financial distress all too often center on higher borowing costs. It is important to note that financial distress can also increase operating costs (who would want to work for a firm that may go out of business?), and reduce revenues.

From the Charlotte Observer:
Charlotte Observer 01/02/2005 An airline in critical condition:

"Nancy Holtzman, executive director of the

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