Abstract:
Seven years ago Piedmont Airlines was a medium-sized regional carrier in the Southeast. Today, it is one of the country's major airlines with annual revenues exceeding $1 billion. Since the airlines deregulated in 1978, Piedmont's jet fleet has tripled in size, with a comparable expansion in employees and passengers. The company recently placed an order with Boeing for twenty-five of its 737-400 twinjets, with an option for thirty more, total cost $1.9 billion.