When Air Canada went into bankruptcy protection to restructure its organization and reduce its operating costs,it was pursuing which of the following strategies?

Question

Quizplus · Accepted Answer

When Air Canada went into bankruptcy protection to restructure its organization and reduce its operating costs, it was pursuing a turnaround strategy. This involves making significant changes to a company's operations in order to reverse a trend of declining performance and achieve profitability. In this case, Air Canada was trying to address its financial difficulties by restructuring its organization and cutting costs in order to become financially viable once again.

When Air Canada Went into Bankruptcy Protection to Restructure Its