The Airline Industry : What does the future hold?

... The Airline Industry: What does the future hold? In the wake of the September 11 Attacks on New York City and Washington, the already flagging airline industry has taken another great hit. Airlines and manufacturers are both suffering from decreasing sales and falling profits, whilst the employees are counting their losses and losing their jobs. Carriers have announced massive cuts in staffing and manufacturer Boeing have also axed 100,000 jobs which could just be the beginning. Several airlines have already announced that they will be ceasing business and a few (internal small American airlines for example) have already gone bankrupt. However, the September 11 attack wasn't the only factor that has caused the problems. Many analysts and critics have said that many companies are blaming the violence for that downfall of their companies when in reality, the airline industry was already at a low point and continually falling even before September

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