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Will We Ever Recover? This Essay Is About The Effects That September 11, 2001 Had On The Airline Industry.

1281 words - 5 pages

Will We Ever Recover?What does 911 mean to you? For some it is just a number dialed when there is an emergency but to others it is a day of death, triumph, and tribulations. September 11, 2001(referred to as 9/11), a day that changed our way of life. The events that occurred on September 11, 2001 was "...the deadliest act of terrorism in the United States..." (September 11, 2001 Terrorist Attack).Tuesday, September 11, 2001:8:46AM: American Airlines flight 11, flown byhijackers, crashes into the north side ofthe northern tower of the World TradeCenter, which later collapses.9:02AM: United Airlines flight 175, flown byhijackers, crashes into the southside of the southern tower, which latercollapses.9:37AM: American Airlines flight 77, flown byhijackers, crashes into the western side ofthe Pentagon.10:03AM: United Airlines flight 93, flown byhijackers, crashes southeast of Pittsburghin Somerset county, Pennsylvania.In one day, thousands of lives, 4 airplanes, at least 4 buildings, and life, as we knew it, was lost. Not only did 9/11 cause tremendous pain to people in the US it also caused a hit in the economy that continues to attack the country, one major hit being the airline industry.The effects of 9/11 immediately hindered the airline industries. Industry experts predicted that the demand for air travel would fall due to safety concerns after the attacks. As soon as the day after, Wednesday, Midway Air said it is ceasing operations immediately in order to preserve the company's value, in anticipation of a sharp drop in air travel. They also announced that 1,700 employees would be terminated effective immediately. Midway Air was the first airline to announce its troubles but was certainly not the last; there were many to follow.Continental, "The nation's No. 5 airline" was the first major carrier to announce a layoff. "Continental Airlines announced Saturday that it is cutting its schedule of flights by 20 percent and laying off 12,000 employees due to the reluctance of both business and leisure travelers to return to the skies after Tuesday's terrorist attack on the United States" (Continental slashes staff). It was a known fact by this point that all airlines were in trouble and were in need of federal assistance if they were going to survive. Continental, not the first, yet still was not the last airline to announce its troubles. This same day, Saturday, Northwest Airlines also announced a 20 percent cut in its flight schedule and would be looking in to a possible layoff to accommodate the flight reduction.One week after the tragic events several major airlines were on the verge of financial destruction. Screaming for federal assistance, it was expected that large layoffs were still likely even with this assistance. Leo Mullin, CEO of Delta Air Lines, said, "At least three of our major members are on the brink in respect to their financial situations. The industry lost an estimated $1.4 billion from Tuesday through Friday last week, and...

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