How did the September 11 attacks affect the airline industry?
Link to this answer
Share this credible answer with others. Simply paste this code into your blog or Web page:
The 2001 terrorist attacks on the World Trade Center and Pentagon , in which four jetliners were hijacked and intentionally crashed, threw the airline industry into turmoil, especially in the United States, as people avoided flying and new security restrictions made travel more difficult. Tens of thousands of employees were laid off, many flights were dropped, and Congress passed a $15 billion bailout package that ultimately had only a limited effect. Two major airlines, US Airways and United, filed for bankruptcy in 2002, but this was due only in part to the events of Sept., 2001; US Airways, which had emerged from bankruptcy, filed again in 2004.
|
Answer verified with
|
Related research articles
HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.