American Airlines Bankruptcy Essay Example | Topics and Well Written Essays - 750 words

American Airlines Bankruptcy - Essay Example The airline company which was known to be the worlds largest carrier five years ago was forced into bankruptcy on account of various reasons including mergers and acquisitions which significantly affected its business in terms of reduction in number of customers. The company’s position declined steadily from number one to number 3, over the years behind United Continental and Delta Airlines. Source: CBS News (2011a) Furthermore the profits of the company were steadily declining since a long time now. It reported profits in only one quarter during the entire year in 2007 and recorded losses amounting to approximately $4.8 billion over a period of 3-3.5 years. Various airline analysts and experts estimated these losses to either shoot up or continue throughout 2012 (CNN Money, 2011). The American Airlines have filed for Chapter 11 Reorganization for Industry Competitiveness, bankruptcy protection. This type of bankruptcy is usually used by companies which are struggling financially and have large public debts, in order to reorganize their business. Unlike the other types of bankruptcies the Chapter 11 Reorganization bankruptcy allows the company to seek help in reorganizing its business, by restructuring its debts; prevents the creditors from suing or selling off the debtors assets to pay off the debts; and have the opportunity to resume business and emerge from bankruptcy. (Elias, 2011). The board of Directors at AMR decided to file for bankruptcy under this category considering the best interests of its stakeholders and at the same time gain time to restructure its debts, costs and obligations (American Airlines, 2011). The American Airlines will continue to operate according to its normal flight schedules and no changes will be made in the customer reservations. The operations will resume as usual. The company is likely to honor tickets and

Ethics -- Moral Theory and Moral Issue Essay Example | Topics and Well Written Essays - 1500 words

Ethics -- Moral Theory and Moral Issue - Essay Example Proponents of the practice argue that people should be as free to choose the way they die in the same way they choose the way they lived. In addition, people deserve to die with as little pain and as much dignity as is possible. Those against legalizing euthanasia say that it could open the door to abuses such as people opting to die earlier than needed for economic reasons and being pressured by relatives who have a financial concern. Callous as may sound, children of the terminally ill may not want their parents to spend their inheritance on life extending techniques, a sad scenario that should certainly be considered. Still others say that euthanasia is â€Å"playing God† which is not acceptable under any circumstances. Euthanasia is a sensitive subject about a painful prospect but must be addressed because it will likely involve everyone as some point in their lives. The word â€Å"euthanasia† is of Greek origin meaning â€Å"good death.† 18th Century England scholars referred to euthanasia as a means of â€Å"dying well.† (Belanger, 2010). Euthanasia is a medical procedure where a doctor supplies a lethal cocktail of drugs to a terminally ill patient who is in serve pain. The patient administers the dosage, not the doctor. The drugs could be administered either intravenously or orally but the decision is the patients, not the doctor or family members. Because of this, euthanasia is termed â€Å"doctor assisted† and not â€Å"doctor administered† suicide. Other methods include removing the patient from a life-support machine or simply not resuscitating them after they expire, allowing them to pass on naturally without the aid of â€Å"heroic measures.† In the three states and few countries that have legalized euthanasia, the patient must be terminally ill, as decided by three doctors and be fully mentally cognizant. Though it is unfortunate, most people will die a bad death instead of a good death. Euthanasia proponents are motivated not by personal autonomy issues, though that is extremely concerning in a free society, but by human suffering and the lack of a dignified death most people endure. Many, if not most, paths to death involve diseases that slowly eat away at bodily organs causing a torturous ending both for the person dying and their loved ones who watch then die following months of agony. Family members and close fiends watch as the dying person becomes progressively gaunt and thin while either unconscious due to pain medications or experiencing constant pain. Everyone can imagine themselves in that scenario and most, ostensibly, would not want to die in that way and would rather spare themselves and their family the agony. Further, the person dying considers themselves a burden and not a positive in anyone’s life anymore. No person wants to be in that situation. However, this scenario occurs in homes, hospices and hospitals thousand of times every day of the year. It ’s a horrific scene that serves no purpose and cannot be assigned a rationale other than to pacify the â€Å"morals† of those who think it acceptable to dictate their wishes from outside the actual situation, uninvolved in the daily trauma. It’s easy to imagine a grandmother, the matriarch of the family, a gentle lady who has dedicated her entire adult life to care for the needs of others now spending her last weeks lying feebly in a sterile, foreign environment. She is not able to use the restroom or feed herself without