Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11
GAO-02-133R, Oct 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.