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 <title>Financial Management: Assessment of the Airline Industry&apos;s Estimated Losses Arising From the Events of September 11</title>
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<abstract>The airline industry will incur losses resulting from the
terrorist attacks of at least $5 billion and possibly more	 
through December 2001. While it is reasonable to assume that	 
overall industry losses will amount to at least $5 billion,	 
carrier-by-carrier losses are likely to vary significantly from  
the formula-derived allocations of $5 billion. Therefore, some	 
carriers may experience losses higher than their individual	 
formula amount, while others&apos; losses may be lower.</abstract>
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