Financial Management:

Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11

GAO-02-133R: Published: Oct 5, 2001. Publicly Released: Oct 5, 2001.

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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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