the airline industry was the major victim. Drakos

1
the airline industry was the major victim.
Drakos

• A look at how the aviation industry was effected
  by September 11

2
The 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

3
Before 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

4
After 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

5
After 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

6
After the September 11th Attack

• Airline stocks went down
• New security measures were implemented
• The new security measures would cost around 8
  billion

7
After the September 11th Attack

• New security measures
• Only allowing ticketed passengers behind the
  gates
• Better screening of passengers

8
After 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

9
After 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

10
After 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

11
After 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

12
The 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.

13
The 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

14
The World

• The worlds total population 6,446,131,400

15
The Number of Cell Phones