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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: FaultLine who wrote (10070)	11/12/2001 1:17:28 PM
From: maceng2	Read Replies (1) \| Respond to of 281500

Hi ken, All I know about is the silicon chip biz. I know how pressured things get during biz contraction stage. Just been reading this.... (I have emboldened relevant text). I hope and expect a very thorough investigation for whatever cause including terrorist attack. Just have to keep plugging on until things get better. If just one overworked guy gets shafted, I'll be very narked indeed. Airline industry usually very good on solving those problems though. ======================================================= ananova.com Crash piles 'misery upon misery' for airlines - experts Aviation experts say the crash in New York will have a disastrous effect on the airline industry whether it was caused by a terrorist attack or not. The global aviation industry is already suffering huge losses as a result of the September 11 attacks on New York and Washington. A steep fall in passenger numbers, increased security costs and the cancellation of flights in the immediate aftermath of the attacks have all hit the industry hard. Phil Butterworth-Hayes, civil aviation editor of Jane's Information Group, says the crash would have serious financial implications for every airline. He warns it will pile "misery upon misery" on British Airways, which is in partnership with American Airlines and has announced thousands of job losses in the wake of September 11. He says: "This crash will have a huge knock-on effect for the airline industry. Confidence in air travel was badly dented after September 11 and it will be even more so now. American Airlines, which lost two planes on September 11, was already facing massive losses before today's crash and is currently reliant on a multi-million dollar bail-out package from the US Government. The US airline could be crippled if relatives of the passengers sue for damages. He adds:"A lot depends on what actually caused this crash. But if the airline is found in any way culpable for a security or maintenance lapse, the relatives of the deceased could take them to court."