Crisis Pan Am
Crisis Pan Am
Crisis Pan Am
Identified by its blue globe logo, and the white pilot uniform caps,
the airline was a cultural icon of the 20th century.
. During most of the jet era, Pan Am's flagship terminal was
theWorldportlocated atJohn F. Kennedy Airportin New York
First Computerized reservation : Pan Am commissionedIBM to
build PANAMAC, a large computer that booked airline and hotel
reservations, which was installed in 1964.
During that period, the airline was profitable and its cash reserves
totaled $1billion.
On August 11, 1982Pan Am flight 830, was bombed over the Pacific
Ocean killing one passenger before safely landing in Honolulu.
The Pan Am 103 disaster was the final blow to airlines reputation and
trust among the passengers world over.
Consequences of such accidents :
After three years of flying with empty seats since Pan Am flight 103
disaster , in 1991 the company went bankrupt and shut down.
Lesson from Pam Am
Some crises are too big to recover from. Pan Am
handled the Lockerbie disaster as best as it could,
but the decline in public confidence proved too
much leading to ultimately shutting down of the
airlines.