US Airways and Government Aid

Article Analysis 1








US Airways & Government Aid
Article Analysis-Week 2
Lana Daludado
ECO 360: Economics for Business 1
Group XBSMON10-ECO 360
Franny Chan
October 16, 2003









Analysis 2
What is economics?
Economics is the study of how we, as human beings, manage our needs and wants. We have unlimited wants and needs, but resources are not enough to satisfy our needs. We, therefore, have to make sacrifices once we make a decision on our choices (Colander, 2001).
Role of Government
US Airways shows a profit due to government payment. Their first earnings report since they emerged from Chapter 11 bankruptcy protection in March, were in the second quarter because of a $214 million government aid, which helped offset operating losses and expenses (CBS Marketwatch, 2003). The airline made some progress by reducing costs and changing its business. US Airways net profit was US$13-million, with revenue totaling $1.78 billion as overal...