Wednesday, August 22, 2007

Terrorist Attack Could Cost US Airlines $420 Billion

Terrorist Attack Could Cost Commercial Airlines $420 Billion

Another terrorist attack on the U.S. could cost the country's commercial aviation industry as much as $420 billion, a new study says.

Done by four scientists at the University of Southern California, the study appears in the current issue of the scientific journal Risk Analysis.

The authors based their estimates on assumptions that an attack would shut down the entire system for seven days and require a two-year recovery period.

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