¨We shall never forget, We shall keep this day, We shall keep the events and the tears In our minds, our memory and our hearts and take them with us as we carry on.¨ by: Anonymous (Memorial Website). An epic turn in history all around the world, around 3000 people lost their lives, the two world trade center’s crashed into pieces, the pentagon was crashed… all of this occurred on September 11, 2001. This date till today causes people to tear, as they remember themselves watching the event occur in person, TV or websites. The entire world was watching while it occurred. This attack caused a great impact all around the world, no one could believe what was happening and how. As soon as people got the news they realized that in a blink of an eye one of the biggest tragedies in the history of the United States of America had hit. This date caused negative impact on all kind of industries especially the aviation industry, in this paper you will learn exactly how this industry was affected. 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... ... middle of paper ... ...to check who and what is entering or leaving the US. September 11, a turning point in the United States history. This event caused various negative impacts on the aviation industry. It changed the way airports and airlines organized themselves completely. The effect was so strong that it caused bankruptcies, people to lose their jobs, changes in how flights were made and flew, and security checking’s. This day also created fear and psychological issues on individuals concerning anything to do with flying on an airplane. In other words, this day was a catastrophe in the aviation industry in the US. Works Cited http://traveltips.usatoday.com/effects-911-airline-industry-63890.html http://www.businessinsider.com/how-the-us-airline-industry-has-changed-since-911-2011-9?op=1 http://www.911-remember.com/ http://www.iata.org/pressroom/documents/impact-9-11-aviation.pdf
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
Qantas has undertaken significant changes over the last decade to cope with internal and external factors such as the terrorist attacks on September 11, 2001 which effectively reduced the demand for international travel. Qantas initially reduced its international travel flying capacity by 11%. Fortunately, the collapse of Ansett which halted domestic competition in the Australian aviation industry which had dropped the bidding price war for consumer finances, softened the blow on September 12, 2001.
The terrorist attacks on September 11, 2011 prompted the world to reevaluate and drastically modify airport and airline security. “Four targets had been chosen, all iconic American buildings that would send a clear message of the depth of their hatred for the United States. All four planes crashed, killing all on board—terrorists, crew members, and passengers, along with hundreds who were killed inside the structures, on the ground, and the men and women who ran into collapsing buildings in an effort to try and save others” (Smutz 1). As Jason Villemez said “the decade after the 9/11 attacks reshaped many facets of life in America” (Villemez 1). Before the attacks, people did not think that large scale hostility towards innocent people in our country was remotely possible. 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.
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.
The immediate financial repercussions of the terrorist attacks were astronomical. Makinen (2002) reports airlines received a $15 billion federal aid package. Additionally, insurance ...
B. The 9/11 attack had immediate and long-term economic impacts, and to this day some continue. The economic effects coming from the September 11 attack were initially shocking. It caused global stock markets to drop sprucely. The September 11 attack resulted in approximately 40 billion in losses of insurance. It led to one of the biggest government spending programs in the U.S. history, the War on Terror. The biggest economic impact of 9/11 was how the increased defense spending led the U.S. to a debt crisis.
...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.
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.
It has been almost 16 years since the one of America’s darkest days in known history. The famous and horrific 9/11 terrorist attack. A attack in New York and Washington D.C. no one could have even possibly seen coming. Even though before 9/11 there was already a Aviation security system because leader of terrorist group Osama bin Laden had already threatened America. ‘’ Prior to 9/11, the FAA… received a number of intelligence reports, including from its own intelligence division, which highlighted the threat posed by Osama bin Laden to U.S. civil aviation. ( John Stone ) PG. 15’’ On this day over 3,000 lives were claimed in a matter of less than two hours in the most heinous of acts. This was a day that will not ever be forgotten.
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).
9/11 changed our lives as we know it today. That day put fear and terror in our hearts. We witness terrorism before but never to that magnetism. As the United States watched in terror as the towers fell we knew that this was the beginning of war against terrorism. But at the same time we all were asking why someone would do this horrific thing.
The war on terror became one of the biggest government spending programs in United States history. The stock market closed for four trading days after the attacks, the first time since the great depression” (Amadeo 1). Initially the war cost $20 billion and then $13 billion was used to implement homeland security. “The biggest economic impact of 9/11 attacks was how the increased defense spending led to the U.S. debt crisis” (Amadea 2). The city of Manhattan experienced a loss of jobs due to the drops in demand for travel. The World Trade Center towers and surrounding buildings that were destroyed were home to many of the city’s large financial service firms. The 9/11 attacks destabilized the financial markets, resulting in additional downsizing among many financial firms. Congress passed the Victims of Terrorism Tax Relief Act of 2001. This provided tax relief for victims and first responders who were injured or have developed illnesses related to the attack. The state of New York had a decline of $3.5 billion in taxes for the first 18 months after the attack (Depietro 3). The terrorist attacks resulted in debt and inflation, and had a long lasting impact on the metropolitan area of
Before September 11th, 2001 airports were not as secure as they are today. People were allowed to carry dangerous objects onto planes. Security officers had trouble detecting these objects due to bad training. It now takes more time to go through security and there are more things that need to be checked. Even though airport security has changed in some good ways it has also changed in some bad ways too. A number of these changes would not of had to be made if the education of the security officers and the training was better.
Aircraft hijacking, suicide attacks and mass murder are several events that the community remembers from September 11, 2001. This was one of the most tragic attacks the United States faced with the destruction of the World trade Centers. Over three thousand lives were terminated due to 19 Islamic extremists and 4 air planes. The tragedy of 9/11 brought the whole country in unison which helped thousands of families cope.
Almost half of the states faced budget shortfalls for 2001 or 2002, which caused most peoples lives to change after the attacks. Even the U.S. economy effectively took a vacation for the rest of September. It fell greatly and caused multibillion dollar losses to many companies and industries around the nation. Some of these companies and industry were a great part in the turning wheel of the U.S. economy. (Sivy, n.pg.)