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Only one major carrier that has shown a profit over the past four years and, in the same timeframe, the other major carriers show a combined total loss in excess of 25 billion dollars. This downward spiral cannot be attributed solely to the 9/11 disaster, many other factors contributed to their downfall.
From an investor's point of view uncertainty, instability, and mismanagement have made the airline industry an unattractive, if not bad, investment. The terrorist attacks of September 11th generated an economic slowdown that disproportionately hurt carriers. Numerous other factors including soaring fuel prices and labor conflicts have plagued the industry...
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