Financial Management: Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11
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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 05, 2001
- Accession Number
- ADA394978
Entities
Organizations
- United States Government Accountability Office