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Current situations in the airline industry
Airline industry changes after 9 11
What were the social and economic effects of 9/11
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The terrorist attacks of September 11th caused many changes in our country. Although there were many after effects of the September 11th attacks, the airline industry was most impaired. This paper will explain two factors related to the airline industry that were most affected, the American people and the economy. People had many different reactions to the attacks on September 11th. Some people became more fearful and scared to fly. The airline industry was affected because people were canceling their flights. “Immediately after the attacks, domestic air flights were stopped immediately for several days, for fear of further attacks” (9/11 Effects in the USA, Soong). Understandably, people thought another attack could happen at anytime. “Air volume dropped precipitously, as business and citizens curtailed traveling” (9/11 Effects in the USA, Soong). People tried to stay away from airlines by choosing other means of transportation. The airline security became stricter due to the attacks. They set new rules and regulations in order for people to be able to fly: examples wer...
For starters a few days before the attack on 9/11, the airlines stocks did go up. Which means the supply and demand was greater. America was making more money, which is good. The airlines that stocks markets went up, were the airlines that were hijacked which than lead to them going bankrupt. Gabi Logan was saying on USA today “ Despite this government-funded measure, several prominent American airlines declared bankruptcy not long after the 9/11 attacks.” Due to bankruptcy more than just money was
Ever since that fateful moment, citizens in America are on their toes every day worrying about another attack happening. United States citizens have had to adapt and change in response to this fear of further terrorist assault on our country. One of the ways they have adapted is by changing their means of security concerning airline travel. Before the attacks on September 11th, Americans were under the assumption that an individual or group of individuals could not do such a devastating thing to humanity. Prior to 9/11, there was a lack of security in airports and on airplanes.
This paper describes our nation and the worlds mindset about airline terrorism before 9/11 and airline terrorism today. This remains a very real and deadly subject even though we don’t have as many incidents occurring at this moment in time. Still the potential for countless lives being lost in an aircraft accident from the actions of a terrorist or terrorist organization is still very real and innocent families across this nation and abroad remain the targets. Additionally, it will show that the security measures in place at airports prior to 9/11 were far less adequate, than today, and personnel responsible for airport security at the gates and throughout were either poorly trained or not trained at all when it came to hijackers and terrorist. This paper will also identify the extensive security measures, rules and training that have been put into place, which helped to curtail acts of terrorism onboard airliners.
After 9/11 there was a great increase in security nationwide. One major example of this is the number of agencies created as a result of 9/11. Among these agencies include the creation of the TSA (Transportation Security Administration), the DHS (The Department of Homeland Security), the ICE (Immigration and Customs Enforcement), and lastly the massive advancement of the US Coast Guard. Every one of the budgets of these agencies has doubled since 9/11. The creation of the transportation and security administrations primary goal is to improve the safety of all American Citizens traveling by plane. The TSA started implementing, new policies and new technological advancements.
9/11 was one of the United States biggest disasters. Killing nearly 3,000 people including the 19 hijackers that hijacked the planes that crashed in to the two world trade center towers. Many things could have been done differently on the day of September 11, 2001, that could have saved many lives, including the lives of many fire fighters, NYPD officers, and thousands of civilians. The biggest thing that could have been done to stop the attacks is if airport security was much more advanced and more careful with who got on the planes and what they had on them.
On September 11, 2001 New York came upon a terrorist attack. The terrorist hijacked four airplanes the morning of the attack. The attack was part of the Al-Qaeda Islamist group, led by Osama Bin Laden. Two planes collided into the World Trade Center; one hit the Pentagon, and the other one crashed in Pennsylvania never reaching its destination. The cause of 9/11 is that Islam saw the United States as a heinous country with different and awful morals so they decided to attack. The consequences were the tensions between Americans and Muslims rose. Numerous hate crimes were committed and there was a massive economic downfall. We could have avoided this incident if the airport security would have been more strict, then the attack would have a less chance of happening (Bantista). “Make no mistake, the United States will hunt down and punish those responsible for these cowardly acts. Freedom itself was attacked this morning by a faceless coward. And freedom will be defended.” –President Bush directly after the 9/11 attacks (Tsimelkas). The government issued extreme changes in the military system and the surveillance ...
The immediate financial repercussions of the terrorist attacks were astronomical. Makinen (2002) reports airlines received a $15 billion federal aid package. Additionally, insurance ...
The Airline Industry is a fascinating market. It has been one of the few industries to reach astounding milestones. For example, over 200 airlines have gone out of business since deregulation occurred in 1978. Currently, more than 50% of the airlines in the industry are operating under Chapter 11 regulations. Since 9/11, four of the six large carriers have filed for and are currently under bankruptcy court protection. Since 9/11 the industry has lost over $30 billion dollars, and this loss continues to increase. Despite the fact that the airline industry is in a state of despair, JetBlue has become the golden example, a glimpse of what the industry could be.
...rlines operate now a days. In present day, airlines have added a whole slew of security measures in order to combat against terrorism. This is one of the strongest lasting effects that was put into play due to 9/11. In all, there are many lasting effects that were brought on due to the attacks that occurred on 9/11.
When the attacks of September 11th occurred, the federal government had to completely close down some airports in the US. This created a negative effect on the industry as it was a shock to their entire organization. Planes in the US and around the world were canceled due to this attack as well. Planes were not flying anywhere, as the plan was to prevent any other attack. Each plane that was cancelled had to be paid by the airline company directly. According to the International Air Transport Association there was a drastic change in the amount of flights between the date before and after the event. Around 37,600 less flights flew the day after the attack had occurred. The number of flights dramatically decreased in those three days; in addition every...
After September 11th, 2001, the airline industry experienced a significant drop in travel. The reasons for the airline industry downfalls also included a weak U.S and global economy, a tremendous increase in fuel costs, fears of terrorist's attacks, and a decrease in both business and vacation travel.
According to the International Air Transport Association, 2001 was only the second year in the history of civil aviation in which international traffic declined. Overall, it is believed that the IATA membership of airlines collectively lost more than US$12 billion during this time (Dixon, 2002).
Along with the low stock index numbers of September 17th, the airline industry and travel stocks were also rocked. One of several airlines announcing layoffs, US Airways said that they would be terminating 11,000 jobs. These heavy losses were contributed to airlines “being grounded last week [week of September 11th], plus passengers have been apprehensive to fly, in the wake of the hijackings” (Stock Markets Reopen 1).
On September 1, 2001, terrorists associated with the Al-Qaeda hijacked four airliners and carried out suicide attacks against the United States that forever impacted American’s lives. It was the deadliest event in U.S. history for first responders: 343 firefighters and 72 policemen were killed. In addition, 2,996 civilians were killed, and it led to over $3 trillion in total costs. The attacks explained by the cause of the attacks, the description of the attack, and the impact it had on the U.S.
Airline and travel industry profitability has been strapped by a series of events starting with a recession in business travel after the dotcom bust, followed by 9/11, the SARS epidemic, the Iraq wars, rising aviation turbine fuel prices, and the challenge from low-cost carriers. (Narayan Pandit, 2005) The fallout from rising fuel prices has been so extreme that any efficiency gains that airlines attempted to make could not make up for structural problems where labor costs remained high and low cost competition had continued to drive down yields or average fares at leading hub airports. In the last decade, US airlines alone had a yearly average of net losses of $9.1 billion (Coombs, 2011).