Itō, Harumi (contributor); Lee, Darin (contributor) - 2003 - [Elektronische Ressource]
Assessing the Impact of the September 11
Terrorist Attacks on U.S. Airline Demand
∗
Harumi Ito
†
Darin Lee
‡
July 20 … demand. Using monthly time-series data from 1980-2003, we find that September
11th resulted in both a negative transitory … shock of over 30% and a persistent negative demand
shock amounting to roughly 7-8% of pre-September 11th demand. This …