Title: the airline industry was the major victim. Drakos
1the airline industry was the major victim.
Drakos
- A look at how the aviation industry was effected
by September 11
2The Importance of the Airline Industry
- The airline industry is an important part
- of the economy
- Generates 11 million jobs
- Represents 9 of the US GDP
- Kim and Gu
3Before the September 11th Attack
- The U.S. Economy was in a recession starting in
March of 2001 - Fuel prices and labor costs caused operating
expenses to be high for airlines
4After the September 11th attack
- The U.S. Federal Government shut down the US
aviation industry for two full daysDuring that
time, the airlines lost over 100 million in
sales revenue. Goodrich
5After the September 11th Attack
- President Bush encouraged U.S. citizens to
stimulate the economy by traveling more - Many travelers were too scared to travel
- Most airlines reduced staffing
- Over 80,000 jobs gone
- Kim and Gu
6After the September 11th Attack
- Airline stocks went down
- New security measures were implemented
- The new security measures would cost around 8
billion
7After the September 11th Attack
- New security measures
- Only allowing ticketed passengers behind the
gates - Better screening of passengers
8After the September 11th Attack
- New security Measures
- Better background checks for airport staff
- Airports purchased more powerful scanners
- Plainly clothed, armed marshals on some flights
9After the September 11th Attack
- Air Transportation Safety and System
Stabilization Act 9-22-01 - provide airlines with federal government loans,
compensation and other financial safety measures
10After the September 11th Attack
- Travel Industry Recovery Coalition recommended a
Six-Point Plan which would restore the levels
of activity in the travel and tourism industry in
the US to those existing prior to September 11
events. Blake, Adam, and Sinclair
11After the September 11th Attack
- The compensation from the government financially
helped airlines only short term and did not
offset their financial losses. - Fuel prices, operating costs, and new security
measures still effect the industrys future
12The Future of the Airline Industry
- U.S. Department of Transportation released
information that the airlines carried 5.2
percent more domestic passengers and flew 1.6
percent more domestic flights during the first
eight months of 2005 than they did during - the same period in 2004.
13The Future of the Airline Industry
- Passengers still buy cheap airline tickets which
causes airlines not to make any revenue - Still, some travelers do not wish to
fly because inconvenience and uncertainty
caused by increased security measures
14The World
- The worlds total population 6,446,131,400
15The Number of Cell Phones