Accession Number:

ADA394978

Title:

Financial Management: Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC

Personal Author(s):

Report Date:

2001-10-05

Pagination or Media Count:

22.0

Abstract:

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.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE