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In: Accounting
In response to the worldwide recession that began in 2008, airlines cut capacity by reducing frequency,...
In response to the worldwide recession that began in 2008, airlines cut capacity by reducing frequency, dropping some routes, and grounding aircraft. Would you expect total costs (both operating and non-operating) to drop by the same percentage as capacity? Why?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
As of 2009, China's economy had recovered from the global recession that began in 2008. How did...
As of
2009, China's economy had recovered from the global recession that
began in 2008. How did China manage that? As a
follow-up question, how can they manage to avoid an inflationary
episode as global growth picks up?
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