Uneasy jets: the 9/11 terrorist attacks on the US proved ruinous for many of the traditional long-haul airlines, but low-budget operators are prospering at their expense--for now. As war in the Middle East looms, Cathy Hayward asks the experts what the future holds for an industry still in a state of extreme uncertainty. (Cover Feature The Airline Industry).(Industry Overview)

From: Financial Management (UK) | Date: March 1, 2003| Author: Hayward, Cathy | Copyright information

Life in the airline industry has been especially turbulent over the past two years. It was almost grounded by the combination of overcapacity, the events of 11 September 2001 and the risk of further terrorism. And the outlook is looking even bleaker. A war in Iraq could push fuel prices to unseen levels and issues such as spiralling insurance costs and the threat of deep-vein thrombosis claims are threatening to send costs sky-high and share prices diving.

Many airlines ...

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