The Chapter 11 filing in US bankruptcy court in Chicago is by far the largest airline bankruptcy ever. The suburban Chicago-based company has lost $4bn (£2.5bn) over the past two years due to a slumping economy, flawed business strategies and last year's terrorist attacks.
The airline has promised to keep flying while it sheds costs under the auspices of a bankruptcy court judge and overhauls its business plan in an attempt to become profitable again.
Chapter 11 bankruptcy frees a company from the threat of creditors' lawsuits while it reorganises its finances. The debtor usually retains control of the business and its assets.
Questions:
Why were the possible reasons for the bankruptcy of United Airlines?
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Answer:
Because of a slumping economy, flawed business strategies and last year's terrorist attacks.
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句子分析
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The Chapter 11 filing in US bankruptcy court in Chicago is by far the largest airline bankruptcy ever. The suburban Chicago-based company has lost $4bn (£2.5bn) over the past two years due to a slumping economy, flawed business strategies and last year's terrorist attacks.
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解析:
a.chapter: a separate section of a book, usually with a number or title (书的)章,篇,回
b.file: 【法律】~ (for sth) to present sth so that it can be officially recorded and dealt with 提起(诉讼);提出(申请);送交(备案)
c. slump:= drop ~ (from sth) (to sth) to fall in price, value, number, etc., suddenly and by a large amount (价格、价值、数量等)骤降,猛跌,锐减
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The airline has promised to keep flying while it sheds costs under the auspices of a bankruptcy court judge and overhauls its business plan in an attempt to become profitable again.
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解析:
a. shed: To shed something means to get rid of it. 去除; 摆脱
b.auspice: a sign or omen, esp one that is favourable 吉兆
c.overhaul: to examine every part of a machine, system, etc. and make any necessary changes or repairs 彻底检修
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Chapter 11 bankruptcy frees a company from the threat of creditors' lawsuits while it reorganises its finances. The debtor usually retains control of the business and its assets.
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解析:
a. creditor: a person, company, etc. that sb owes money to 债权人;债主;贷方