Financial Management: Assessment of the Airline Industry's Estimated Losses Arising From the Events of September 11 [open pdf - 182KB]
The airline industry's losses from the terrorist attacks will total at least $5 billion through December 2001. Even so, carrier-by-carrier losses are likely to vary significantly from the formula-derived allocations of $5 billion. Therefore, some carriers may experience losses higher than their individual formula amount, while others' losses may be lower.
Government Accountability Office (GAO): http://www.gao.gov/