Article(electronic)#1January 2005
Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
In: Journal of economics and business, Volume 57, Issue 1, p. 75-95
ISSN: 0148-6195
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Open Access#22003
Assessing the impact of the September 11 terrorist attacks on US airline demand
This paper assesses the impact of the September 11th terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986-2003, we find that September 11th resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting to roughly 7.4% of pre-September 11th demand. This ongoing demand shock has yet to dissipate (as of November 2003) and cannot be explained by economic, seasonal, or other factors.
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