Journal of Undergraduate Research
Keywords
September 11, airlines, terrorist attacks, security costs, income statements
College
Marriott School of Management
Department
Accountancy
Abstract
September 11, 2001 will be a day long remembered by Americans and for people around the world. The destruction to the World Trade Center and the Pentagon not only led to the loss of many lives, but these events also affected our economy in a dramatic way. Many industries have been affected by the terrorist attacks, but the industry that has been most directly affected is the airline industry. On the balance sheet, American Airlines and United Airlines only lost two used airplanes each. However, cancelled flights, a decrease in demand for flights, lawsuits, and increased security costs have lead to a substantial decrease in earnings across the industry.
Recommended Citation
Jackson, Terry H. and Christensen, Dr. Ted
(2014)
"September 11, 2001: How Did the Airlines Account for this Tragic Event?,"
Journal of Undergraduate Research: Vol. 2014:
Iss.
1, Article 988.
Available at:
https://scholarsarchive.byu.edu/jur/vol2014/iss1/988