Introduction
Companies and organizations are challenged with daily decisions that can provide unlimited opportunities internally and externally. Finances and growth maximization also play a large role in these decisions. Executives and managers must make decisions on how resources will be appropriated, how to increase profits, sales, and the companies overall business portfolio. Companies are able to determine what is working and not working by analyzing the company's financial statements. At times the financial statements will tell a lot about an organization and their financial situation or background. When companies begin to lose out on profits or sales, they are at a point in time where they could be potentially bought out or go out of business. The current benchmarking paper Team C is focusing on is mergers and acquisitions that other organizations in diverse industries have faced. With LEI and Shang-wa potentially facing buyouts, we wanted to view organizations that have merged or partnered in order to keep the business flowing. Next, Team C will explore several companies that have dealt with mergers or acquisitions.
Airlines
The first mergers and acquisitions we will discuss include American Airlines, Comair, and Delta.
American Airlines was flown into existence in 1929 when the Aviation Corporation was formed to acquire younger companies, and in 1930 the Aviation Corporation's were incorporated into American Airways. In 1934 American Airways became American Airlines, Inc. (American, 2002). In 1937 American hit a milestone with carrying its one-millionth passenger. Through out the years American had its own milestones and changes with new routes being added, different planes, and even reorganization within the company. In 1982 ...