How September 11, 2001 has Affected the Airline Essay

How September 11, 2001 has Affected the Airline - Essay ExampleThis serial publication of events was perhaps one of the approximately unforgettable in all of the United States history, and certainly one of the virtually devastating. In order to come to a clearer and more knowledgeable viewpoint on this open matter, the pursuance questions must be addressedBy thoroughly discussing these questions, as well as relevant and crisp related topics, we can come to a more understanding and intellectual viewpoint on this subject of interest. The aim of this paper is to discuss all of these elements, while especially making it understood how the airline preservation has been affected by this event from people being scared to fly, to airlines cutting routes, to the leading of some airlines in truth going out of business. This is what will be dissertated in the following.The hijackers who carried out the terrorist attacks of September 11th were connected to al-Qaeda, which is an Moslem ter rorist group led by Osama bin Laden. Initially, Bin Laden had denied responsibility for the attacks, but eventually he claimed direct responsibility for orchestrating the attacks. (CBC News, 2004). ... As an end result, there were 2,986 fatalities. How has September 11th Affected the Airline rescueThe terrorist attacks of September 11th resulted in short-term and long-term disruption of stinting activity in numerous ways. This disruption was especially severe in regards to the United States airlines. The United States airline industry was already in a weak financial position before the attacks and were with rising debt ratios and falling returns on investment. (Looney, 2002 1(6)). Even to the face day airline passenger traffic has apparently remained below normal, 100,000 layoffs have been announced and employment in October and November fell by 81,000 (almost 8 percent). (Looney, 2002 1(6)). In the most simplistic terms, the United States airline sector has confounded around 20 percent of its overall relative value since September 11th. The attacks had a significant economic impact on the United States and world markets. Many of the major local airline carriers have permanently cancelled certain destinations, and reduced the number of flights operated. Even hotels in locales such as Egypt, Jordan, Tunisia, Morocco and Dubai reported a significant drop in occupancy rates. Tourism in New York urban center plummeted after the attacks of 9/11, causing massive losses in a sector which employed 280,000 people and generated $25 one thousand million per year. In the week following the attack, hotel occupancy fell below 40 percent, and 3,000 employees were laid off. (Wikipedia, 2006). The New York City projected budget deficit for the 2003 fiscal year which begins July 2002 ballooned from $2-$2.5 billion to approximately $4 billion, though most direct expenses related to the rescue and recovery effort are to be covered by the