Here is the synopsis of our sample research paper on Working Capital at Delta Air Lines. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 3 page paper discussing Delta's ongoing struggles to remain operational and out of bankruptcy. GE and American Express extended loans and prepaid service payments late in 2004 on the condition that Delta significantly reduce expenses over the following two years. Industry analysts believe that the loans may only be delaying the inevitable. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSairDeltaCap.rtf
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Unformatted sample text from the term paper:
Air Lines holds the 138th position on the Fortune 500, but as is the case with most airline companies, it is struggling with its finances. Several companies in Deltas
industry currently are in bankruptcy, and industry observers believed that Delta would meet the same fate should its cash reserves drop below $1.5 billion (GE bails out Delta Airlines, 2004).
That occurred in 3Q2004, prompting credit card partner American Express to extend aid to Delta. Inter-Company Loans Under the kiretsu system in
Japan, larger, healthier companies are required by law to assist smaller or struggling ones financially. Much of that has changed in the wake of the Asian currency crisis and
Japans deferred recovery from the effects of the fall of its bubble economy, but the practice remains strong. Critics complain that it only delays the inevitable, as some have
claimed in the face of the news that two companies have extended loans to ailing Delta, which even now is striving to extricate itself from its pension responsibilities. The
situation at Delta is so dire that even pilots have agreed to forego $1 billion in pay raises, a move "expected to save $5 billion over the next five years"
(GE bails out Delta Airlines, 2004; p. 275). Two companies have come to Deltas aid, one in the form of a traditional loan,
the other in the form of prepaid service. Late in 2004, GE "agreed to provide a $300 million senior secured three-year revolver and a $200 million senior secured term
loan. Collateral will be a substantial portion of Deltas remaining unencumbered assets" (GE bails out Delta Airlines, 2004; p. 275). American Express provided
...