Assessing the impact of the September 11 terrorist attacks on U.S. airline demand

Copyright © 2004 Elsevier Inc. All rights reserved.

Bibliographische Detailangaben
Veröffentlicht in:Journal of economics and business. - 1978. - 57(2005), 1 vom: 01. Jan., Seite 75-95
1. Verfasser: Ito, Harumi (VerfasserIn)
Weitere Verfasser: Lee, Darin
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2005
Zugriff auf das übergeordnete Werk:Journal of economics and business
Schlagworte:Journal Article Airlines Attenuating shock September 11 Structural change
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520 |a This paper assesses the impact of the September 11 terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986 to 2003, we find that September 11 resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting to roughly 7.4% of pre-September 11 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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