British Airways

Paper Summary:

This paper explores the effects on the airline industry since the September 11 terrorist attacks in America. While the attacks happened specifically in the U.S., the paper notes that the effects were felt throughout the global airline industry. Specifically, the paper looks at the downturn in business experienced by British Airways and the subsequent government action which was taken to help the industry.

From the Paper:

"The airline industry of Britain and elsewhere in the world has had a drastic set back due to the recent political climate. Although many airlines attribute the September 11 attacks as the core reason for their deteriorated performance nevertheless, according to a KPMG Corporate Finance report the European Airlines have been involve in a cyclical that entails financial performance dependent on fuel costs as well as exchange rate fluctuation."

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