Eye-Popping Growth-In Airlines?

By Prasso, Sheridan | Chief Executive (U.S.), June 2005 | Go to article overview
Save to active project

Eye-Popping Growth-In Airlines?


Prasso, Sheridan, Chief Executive (U.S.)


ENTREPRENEURS

HOW DO YOU MAKE money in an industry that's in deep trouble? Look at the ease of a small Atlanta-based company launched in the post-9/11 era. Frank Argcnbright saw that America's troubled airline industry would need to outsource services to cut costs and stay in operation. So after 20 years in the airline security biz, he set up Air Serv in May 2002 to de-ice planes, handle cargo, check tickets, drive carts and provide wheelchairs for major airlines.

He must be doing things right. Since then, the company now headed by CEO Jim Childs (Argenbright remains chairman) has grown from revenue of $7.2 million and 726 employees in 2002, to $94.6 million in revenue and 3,900 employees in 2004. It hired more than 1,000 new employees this year. Growth has been organic, without acquisitions, although Air Serv is looking to do that next. In April, it was honored as the fastest-growing small company in Atlanta. "Airlines are looking at everything, and some functions that they thought were core to what they do really aren't," says Chilcls. "Nothing is sacred now at the airlines.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Eye-Popping Growth-In Airlines?
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?