Delta Airlines : A Major American Airline Company And One Of The World's Largest Global Airlines

Delta Airlines in a major American airline company headquartered in Atlanta, Georgia, United States. The company was founded on May 30, 1924. They operate as an extensive domestic and international network. Delta currently operates a fleet of more than 700 aircraft and they employ approximately 80,000 people. In 2011 they were the world’s largest airline in terms of fleet size. Delta Airlines is a very successful company. Part of what makes them so successful is expansion, making good decisions in route selection and hubs location, being service oriented, having a strong operation management, being reactive in terms of prices, and offering low fares.

Delta airlines have multilateral and formed alliances with other airlines. This is beneficial since the airline is able to gain access to international airlines. By forming alliance, the airlines share

"Run the best airline in terms of operating performance. Deliver on customer promises so that the customer decides to fly with Delta first, and before anyone else. Run the airline to achieve the proper payers commensurate with the service that they provide. Delta really seems like they want a go-to airline in the marketplace for primarily business travelers, but also leisure travelers as well. And do all that in a safe and highly profitable manner."

Delta Airlines have transformed over the decades. They started out as a crop dusting company, blossomed into an airline company, fought litigations, went bankrupt, then resurrected it and merged with Northwest Airlines to become one of the biggest airline companies in the world. Their aircraft, operations, and cities and countries that they service have transformed and blossomed as well.

The Delta airlines serve more than 170 million customers each year.the survey conducted by Business travel news annually the delta airlines came No.1 for four continues years.

Delta airlines began operations in the 1920s and since then has grown in size merging

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms increases (David, 2013). Competition in the airline industry is intense because of barriers to entry being low (Cederholm, 2014). According to Cederholm, about 1,300 new airlines were established in the last 40 years (2014).

One of the purposes for the creation of the World Bank and the IMF was to ensure that financial markets throughout the world are stable, which would be beneficial to the global economy and possibly prevent a global economic depression. However, there are not always positive outcomes for local economies of the countries that are part of these International Financial Institutions (IFI). Haiti was one of these countries that was impacted by the guidelines set in place by these institutions.

After the occasions of 9/11, individuals are hesitant to go via air. On account of this reason that organizations lose billions plane air carriers including Delta. So this is bad for delta and it lost numerous billions.

This can be shown by the US having 17% control of the executive board meaning they have the right to veto as board approval requires 85%. Whereas India has only 2.44% of voting rights compared to the Netherlands who are significantly weaker in terms of economic power who have 2.17% . It can be argued that the way the voting structure works iensures that the IMF would prioritise its creditors and voters, so the EU and USA have a combined total of 49% thus they hold great sway over the institution. This can explain how in terms of loans 79.5% have gone to European countries, with the largest loans going to Greece, Portugal and Ireland to bail out their banks. Another accusation is that the IMF in general tends to create more harm than good when attempting to help countries as shown in the fast track scheme. Where they gave far too much loans to Argentina and they were forced to default . A similar event occurred to create the 1997 East Asia crisis where the IMF encouraged countries affected to borrow their way out of trouble thus making the crisis worse. These events were not prioritised by western country whereas when the Euro crisis hit the west only then did the IMF pour in billions to save essential countries in Europe. The IMF can be considered strongly European for all 11 directors in the IMF’s history have been European. So the IMF can be considered to be working in favour of western interests as

Delta Airlines has a long history within the aviation industry. Delta Airlines started as a crop dusting operation, Huff Daland Dusters, out of Macon, Georgia in 1924. In 1925 Huff Daland Duster’s headquarters moved to Monroe, Louisiana to lengthen their reach from Florida, Arkansas, California, and Mexico. At this time, Huff Daland Dusters operated eighteen aircraft, making them the largest privately owned fleet in the world. In 1928 C.E. Woolman, founded Delta Air Lines and bought Huff Daland Dusters. Woolman renamed them to Delta Air Services for the Mississippi Delta region. In 1929, Delta Airlines operated their first ever passenger carrying flight from Dallas, Texas to Jackson, Mississippi. In 1941, Delta Air Lines moved from Monroe,

Delta is the one of the major airlines of the United States that carries cargo and passengers.

In an effort to bring an end to world poverty the World Bank and IMF (International Monetary Fund) were established in 1944. Consisting of members from 44 nations “The Bank and the IMF are twin intergovernmental pillars supporting the structure of the world's economic and financial order”(Driscoll, 1996). In other words they are international economic organizations that grant loans to third world countries for development programs.

“Delta Air Lines serves more than 160 million customers each year. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 356 destinations in 65 countries on six continents.” (Delta.com).

The three major international economic institutions are the International Monetary Fund (IMF), the World Bank and the World Trade Organization; this book mainly focuses on the IMF and the World Bank, due to the author’s first-hand experience with both institutions. The IMF, a public institution built as a guiding hand for economic stability around the world, has brought false