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Creating economic value in the US airline industry: are we missing the flight?

Melih Madanoglu (Department of Hospitality and Tourism Management, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, USA)
David Y. Chang (Department of Hospitality and Tourism Management, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, USA)
Yung‐Hui Chu (Senior Lecturer in the Tourism Management Department, Shih Chien University, Gaoxiong, Taiwan)

International Journal of Contemporary Hospitality Management

ISSN: 0959-6119

Article publication date: 1 August 2004

Abstract

Prolonged periods of ineffective capital allocation and mismanagement destroy massive amounts of wealth and damage the economic wellbeing of the service and manufacturing industries. The purpose of this paper is to outlay the facts and figures that can illustrate the value destruction in the US airline industry for the period of 1990‐1999. The EVA analysis for the last decade of the millennium demonstrated that even when the US economy was prosperous, the airline industry failed to benefit from this favorable environment.

Keywords

Citation

Madanoglu, M., Chang, D.Y. and Chu, Y. (2004), "Creating economic value in the US airline industry: are we missing the flight?", International Journal of Contemporary Hospitality Management, Vol. 16 No. 5, pp. 294-298. https://doi.org/10.1108/09596110410540267

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited