Eastern Airlines Facing Bankruptcy
Beginning of paper
In 1986, Eastern Airlines was in desparate trouble. The fourth
quarter of 1985 had shown a $67.4 million loss, and financially experts
had told Frank Borman, president and chief executive officer, that the
airline had three choices: 1) a 20 percent pay cut for all union and
n ....
Middle of paper
.... been talking since December originally
about consolidating the computerized reservation systems, then , as
Eastern's problems deepen, about a possible sale.
As Frank entered his office, he found his his loyal excutive assistant;
Wayne Yeoman; and Dick Magurno, Eastern's senior vice president for legal
affairs. For about 20 minutes the three discussed the fourthcoming meeting
and the prospects for saving the airline. Negotiations were going to come
around for ALPA ....
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Word count: 1250
Page count: 5 (approximately 250 words per page)
