TOURISM & AVIATION
Impact on aviation
The terrorist attack on the 11th of September 2001 had major impacts on many airports and airline companies. It took at least three years for airline companies to find their turnover back to what it was in 2000. Indeed, the history of aviation felt the most challenging decade after the 9/11. Impacts were significant for both the United States and the rest of the world.
In the United States, the quantity of flight leaving international airports before and after the 11th of September 2001 is quite impressive. Indeed, there has been a significant diminution of commercial flights after the terrorist attack. In addition, airline companies and airports have experienced significant financial changes. Their annual income decreased from 130.2 billion in 2000 to 107.1 billion in 2001-2002. Consequently, they had to reduce their number of employees by about 500 000 people to 400 000 people. On the 23rd of September 2001, a government compensation helped airline companies and airport for the losses incurred by 9/11. On a global scale, impacts were as important. The global airline revenues declined and a few months after the attack, Swissair and Sabena went bankrupt because of the financial difficulties 9/11 caused.
http://www.guardian.co.uk/world/2011/sep/07/airports-wasting-billions-needless-security
http://www.iata.org/pressroom/documents/impact-9-11-aviation.pdf
In the United States, the quantity of flight leaving international airports before and after the 11th of September 2001 is quite impressive. Indeed, there has been a significant diminution of commercial flights after the terrorist attack. In addition, airline companies and airports have experienced significant financial changes. Their annual income decreased from 130.2 billion in 2000 to 107.1 billion in 2001-2002. Consequently, they had to reduce their number of employees by about 500 000 people to 400 000 people. On the 23rd of September 2001, a government compensation helped airline companies and airport for the losses incurred by 9/11. On a global scale, impacts were as important. The global airline revenues declined and a few months after the attack, Swissair and Sabena went bankrupt because of the financial difficulties 9/11 caused.
http://www.guardian.co.uk/world/2011/sep/07/airports-wasting-billions-needless-security
http://www.iata.org/pressroom/documents/impact-9-11-aviation.pdf
Impact on tourism
After the terrorist attack that occurred on the 11th of September 2001, international tourism was impacted particularly in the United States. People were less tempted to travel around the world and Americans were less convinced to leave the country. Fortunately, the World Tourism Organization observed a small one percent diminution on tourist’s arrivals.
According to experts, even if the impacts of the terrorist attack on the 11th of September 2001 on international tourism were not that important, the impacts on the United States tourism runs into billions of dollars. It is said that the terrorist attack is not the only one to blame for the tourism diminution observed. The American economic recession that occurred in March 2001 has a lot to do with it too. Indeed, it led to a business travel budgets reduction. During this period, American substituted their international getaway to travel to domestic destinations like Hawaii. In the end, this had a positive effect on the state’s tourism industry of Hawaii.
http://scholarspace.manoa.hawaii.edu/bitstream/handle/10125/3683/econwp087.pdf?sequence=1
According to experts, even if the impacts of the terrorist attack on the 11th of September 2001 on international tourism were not that important, the impacts on the United States tourism runs into billions of dollars. It is said that the terrorist attack is not the only one to blame for the tourism diminution observed. The American economic recession that occurred in March 2001 has a lot to do with it too. Indeed, it led to a business travel budgets reduction. During this period, American substituted their international getaway to travel to domestic destinations like Hawaii. In the end, this had a positive effect on the state’s tourism industry of Hawaii.
http://scholarspace.manoa.hawaii.edu/bitstream/handle/10125/3683/econwp087.pdf?sequence=1