The world airline industry was hit hard by the events of 11 September, plunging into its worst slump in history. Airlines in the United States were grounded for several days - and when they resumed flights fewer people wanted to fly. Collectively, the world’s airlines lost billions of dollars and shed thousands of jobs. The pain was worst for the US domestic carriers. Only a government bail-out kept many of them from going bankrupt. Budget airlines, however, continued to make money. Commercial aircraft manufacturing was also badly affected, with slashed orders and delayed deliveries affecting profits.
BBC News Online business reporter Mary Gahan looks at the airline industry after a year which saw its worst reported losses in history.
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