This trait resulted in the rapid recline of Eastern Airlines and eventually was the ended of a legacy carrier. The mindset that Frank Lorenzo had was way before his time and as a result many others never understood what he was trying to do. Many airlines in the 1980 were affected by the management traits of Frank Lorenzo. Some of these airlines were able to get away with just a chunk taken out of them. Whereas, other airlines never managed to get away from him and were eaten alive. One reason airlines took on Frank Lorenzo to help the airline is because no one was talking about cutting costs (Salpukas, A). No one ever realized that by allowing Frank to cut costs with the airline would result in him making the airline struggle even more. The effect Frank Lorenzo had on the aviation world is still being felt today, and this is because of the way some of the most important airlines went bankrupt. Eastern airlines was known worldwide and have attempted to return, but have struggled because of the fear of someone taking them over again like Frank did. This makes airlines double guess themselves when they think about expanding
This trait resulted in the rapid recline of Eastern Airlines and eventually was the ended of a legacy carrier. The mindset that Frank Lorenzo had was way before his time and as a result many others never understood what he was trying to do. Many airlines in the 1980 were affected by the management traits of Frank Lorenzo. Some of these airlines were able to get away with just a chunk taken out of them. Whereas, other airlines never managed to get away from him and were eaten alive. One reason airlines took on Frank Lorenzo to help the airline is because no one was talking about cutting costs (Salpukas, A). No one ever realized that by allowing Frank to cut costs with the airline would result in him making the airline struggle even more. The effect Frank Lorenzo had on the aviation world is still being felt today, and this is because of the way some of the most important airlines went bankrupt. Eastern airlines was known worldwide and have attempted to return, but have struggled because of the fear of someone taking them over again like Frank did. This makes airlines double guess themselves when they think about expanding