Delta reported a quarterly loss of $755 and $12.4 billion in losses for all of 2020. It is the largest annual loss in the history of the airline, which dates to the 1920s, and the global pandemic ended a decade in which Delta churned out a profit each and every year. The fourth-quarter numbers likely would have been worse but for a December increase in air travel that likely contributed to another surge in virus infections as millions crossed the country to spend time with family and friends during the holidays. Pier 1 Imports is shutting down its business after the US Bankruptcy Court for the Eastern District of Virginia approved its request to wind down its operations. Draw two diagrams of the cost and demand curves for these two entities that show the difference between the state of the two corporations. What is the key difference between the two?
Delta reported a quarterly loss of $755 and $12.4 billion in losses for all of 2020. It is the largest annual loss in the history of the airline, which dates to the 1920s, and the global pandemic ended a decade in which Delta churned out a profit each and every year.
The fourth-quarter numbers likely would have been worse but for a December increase in air travel that likely contributed to another surge in virus infections as millions crossed the country to spend time with family and friends during the holidays.
Pier 1 Imports is shutting down its business after the US Bankruptcy Court for the Eastern District of Virginia approved its request to wind down its operations.
Draw two diagrams of the cost and demand
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