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

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 ro...

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Detalles Bibliográficos
Autores principales: Ito, Harumi, Lee, Darin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2005
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7112671/
https://www.ncbi.nlm.nih.gov/pubmed/32287526
http://dx.doi.org/10.1016/j.jeconbus.2004.06.003
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author Ito, Harumi
Lee, Darin
author_facet Ito, Harumi
Lee, Darin
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description 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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spelling pubmed-71126712020-04-02 Assessing the impact of the September 11 terrorist attacks on U.S. airline demand Ito, Harumi Lee, Darin J Econ Bus Article 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. Elsevier Inc. 2005 2004-10-28 /pmc/articles/PMC7112671/ /pubmed/32287526 http://dx.doi.org/10.1016/j.jeconbus.2004.06.003 Text en Copyright © 2004 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Ito, Harumi
Lee, Darin
Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title_full Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title_fullStr Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title_full_unstemmed Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title_short Assessing the impact of the September 11 terrorist attacks on U.S. airline demand
title_sort assessing the impact of the september 11 terrorist attacks on u.s. airline demand
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7112671/
https://www.ncbi.nlm.nih.gov/pubmed/32287526
http://dx.doi.org/10.1016/j.jeconbus.2004.06.003
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