Financial Management: Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11
GENERAL ACCOUNTING OFFICE WASHINGTON DC
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In the wake of the September 11, 2001, terrorist attacks on the United States, the airline industry has estimated significant losses resulting from the temporary shutdown of the nation s airspace and the severe drop in passenger traffic since the attacks. In response, on September 22, 2001, the President signed the Air Transportation Safety and System Stabilization Act, 2 which provides 5 billion in emergency assistance to compensate the nation s air carriers for these losses.
- Economics and Cost Analysis