>"It is also a fact that after the 9/11 attacks the airline industry nearly collapsed because people were afraid to fly"
No that it is not a "fact." The airline industry in the US was already experiencing financial problems prior to 9/11. There was also a bad recession at that time which translates to lower demand for seats. Additionally all flights were grounded for 2 days after 9/11 resulting in huge financial losses for the airlines. The combination of these things resulted in large layoffs by the airlines, potentially sending the airlines into a death spiral. The industry was then stabilized by a 15 billion aid package from congress. A near collapse was not caused by people being afraid to fly.
No that it is not a "fact." The airline industry in the US was already experiencing financial problems prior to 9/11. There was also a bad recession at that time which translates to lower demand for seats. Additionally all flights were grounded for 2 days after 9/11 resulting in huge financial losses for the airlines. The combination of these things resulted in large layoffs by the airlines, potentially sending the airlines into a death spiral. The industry was then stabilized by a 15 billion aid package from congress. A near collapse was not caused by people being afraid to fly.