Determine what cost management tools would be most effective for AMR Corp. (American Airlines) in controlling costs.What are cost management tools that would be most effective for American Airlines in controlling total costs?
Hedging fuel costs more accurately and effectively, cutting advertising costs by utilizing only the most effective forms of advertising and dropping that which has questionable value, and cutting executive pay and compensation.
A more uniform fleet of aircraft would mean a cost savings, too. Southwest operates one aircraft in 3 models and saves a fortune in parts and maintenance. Not to mention needed fewer employees to service and operate their fleet.
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