On September 11

On September 11, 2001 the terrorist attacks on the United States left the country in a state of shock. Many Americans were afraid to use public transportation or even attend public events because of fear for the safety of themselves and their loved ones. Just after 9/11, many economists feared that the attacks may bring devastation to the weakened economy. Almost two years later, the United States has rebounded from the shock of 9/11, consumers and the economy proved to be stronger than many had thought. But how did the attacks impact business for airline companies, and the entire economy of the United States?
Being that the acts of terrorism directly involved the security of airline travel, the effects impact this industry directly. In an already struggling business, the airline industry lost $7.7 billion after the attacks in 2001, not to mention hundreds of thousands of passengers (1). This caused major problems for carriers in the industry, and even forced several airl...