Summary
- Financial Management: Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11
- GAO-02-133R October 5, 2001
- Full Report (PDF, 21 pages)
The airline industry's losses from the terrorist attacks will total at least $5 billion through December 2001. Even so, carrier-by-carrier losses are likely to vary significantly from the formula-derived allocations of $5 billion. Therefore, some carriers may experience losses higher than their individual formula amount, while others' losses may be lower.
Subject Terms
AirlinesBusiness assistance
Emergency loans
Losses
Terrorism
Homeland security