Financial Management

Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11 Gao ID: GAO-02-133R October 5, 2001

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.



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