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Company Background assignment
1.The financial performance of American Airlines;
The group American Airline reported its 2020 financial result which included, the net loss of its first-quarter which its value was $2.2 billion, which is equivalent ($5.26 per single share), not including the special items, the net loss of the first quarter is $1.1 billion.
The quarter which is considered ended with sum of $6.8 billion of the liquidity available and targeted the quarter that followed to end with $11 billion that is liquidity.
Unlike other times, the airline never faced such a challenge, as the CEO Doug Parker said. The airline has tried its best to take care of its customers during such dire times (Zhou et al., 2020). Parker also said that the company is happy for $5.8 billion in assistance financially.
2.Describe their HR functions;
The human resource ensures the maximum production of the company by reducing the costs and increasing human performance. The department does through
- hiring employees and terminating contracts.
- Compensation
- Training the employees for better production
- Improving labor relations
3.How it says HR serves strategy and organization effectiveness;
The human resource departments strategy aims to ensure;
- The company’s continued growth
- Customer service experience improvement and cost reduction in its operation.
The department has achieved this through compensation aimed at motivating the employees and also improving its organizational effectiveness.
- The human resource also ensures competitive advantage of the company through its employee by enhancing labor relations
- They provide input and support to the performance management system in its company.
The company has suffered significant impacts during the pandemic, including major economic loss from capacity reductions of flights. This has, in return, led to massive economic loss, which leaves it in need of government support.
Work Cited
Zhou, Shu-Zi, et al. “A multi-objective ant colony system algorithm for airline crew rostering problem with fairness and satisfaction.” IEEE Transactions on Intelligent Transportation Systems (2020).