The Airline Business

The Airline Industry is currently faced with its longest and deepest crisis to date: many of them are losing hundred of millions of US dollars, several have collapsed entirely, whilst others have had to be rescued by their governments. This crisis has been precipitated by external shocks such as the attack on the Twin Towers in New York, the invasion of Iraq and the SARs epidemic. However, in addition to this, the effect of these events has been exacerbated by dynamic and potentially destabilising internal developments.