A closer look at airline industry in post-9/11 world

Title: A closer look at airline industry in post-9/11 world

Published: Fri, 11 Sep 2009

Description: (NECN: Greg Wayland, Boston, Mass.) - Today, somber silence and bells tolled across the nation to mark eight years since 9/11, when passenger-filled airplanes were used as weapons. The impact on American life was devastating, and just as devast...

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Automatically Generated Transcript (may not be 100% accurate)

" silence and bells tolling across the nation marked the eighth anniversary of September 11. When passenger filled airplanes were used as weapons the impact on American life was devastating. And justice devastating on the airline industry. -- CNN's Greg -- reports on the struggle to restore confidence and profits to the nation's airports."

" H 9/11 Logan Airport employee -- delivers bouquets to ticket counter is an American and United Airlines. Comfort and beauty for the carriers that terrorist shows for their ugly deadly crimes. Eight years later grief and fear remain embedded in some portion of the traveling public's mind. After 9/11 people -- wanna fly all the -- ahead. People saying you know unless we really have to go from point a to point B let's say home. Fish killing 9/11 in Boston the big jets took off into cloudy skies light bustle on of the terminals. But the 9/11 effect on the worldwide airline industry continues they're expecting may mean this year they might squeak out a little -- profit that's only because all present them down. Alan Michael is a professor of finance at Boston University the -- years one where the whole industry has losses. And from these 2001. Through the beginning this recession. Realize a lost cause the fifty billion dollars it says that in total. According to the Air Transport Association the airline industry's net income plunged in 2001 but was gradually recovering. Before the economic turmoil at 2007 said it plunging back down to 2001 levels."

" Massport which operates Logan Airport wants to expand its service here as a sign of recovery they've added four new airlines in recent months. People won't fly but of course they're much more price sensitive now than they were then. -- publishes the Boston airport journal. Where Logan Airport has really done a very commendable job. Is it in attracting low cost carriers. Boston is the second largest market for jetBlue and jetBlue really saved the airport after nine elevenths. And southwest is just had to move from Boston to Denver. The real key question is will business travel come back but more importantly how fast the airlines have been forced to operate more efficient. They have."

" Add to do a lot of things they ended up doing they just wouldn't have done as quickly without an analog like those -- is a small blessings. Greg -- NEC yet."

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