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Airlines predict war could cost them $10 billion
Source: www.usatoday.com
Topic: Airline Industry
Sort Desciption: Airline industry slowly. begins to bounce back. By Dan Reed and Barbara De Lollis. 7. U.S. airline industry jobs tumble. The U.S. airline industry cut 79000 ...
Content Inside: K-12 Case Study THE NATION’S NEWSPAPER Reprinted with permission. All rights reserved. www.usatodayeducation.com K-122003-0X Aeronautics Series: Part II News from Flight Industry and Technology Sectors Since September 11, 2001, fewer Americans are flying and commercial airlines are paying the price. Although major airlines have benefited from U.S. Government assistance, they now face a situation where cutting costs no longer suffices to ensure their survival. In addition, the public eye did not look kindly upon air travel as the nation prepared for war with Iraq. After months of appeal to Congress, the airlines finally received a much- needed federal bailout package to keep the industry functioning. Given the state of todays economy, though, the financial future of even some of the top airlines remains a question. However, experts are seeing signs of a turnaround. They point to a tomorrow where the economy spurs public confidence in flight. This case study explores the challenges the airline industry has recently faced, and how the resilience of American air travel has begun to meet them. Airlines predict war could cost them $10 billion By Marilyn Adams 1-2 $3 billion in airline aid could come soon By Kathy Kiely 3 Low-cost airlines get a lift in fiscally turbulent times By Jayne Clark 4-6 Airline industry slowly begins to bounce back By Dan Reed and Barbara De Lollis 7 U.S. airline industry jobs tumble The U.S. airline industry cut 79,000 jobs in 2001, more than one of every 10. USATODAYSnapshots ® By Shannon Reilly and Adrienne Lewis, USA TODAY 732,049 653,488 Jobs in 2001 Jobs in 2000 Source: Bureau of Transportation Statistics Cover Story Airlines predict war could cost them $10 billion By Marilyn Adams USA TODAY An international airline group warned over the weekend that war in Iraq could cost airlines around the world $10 billion in losses, as bad news continued to stream from the battered industry. The International Air Transport Asso ...
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