Catherwood LibraryILR School

In the wake of Tuesday's disasters, the U.S.'s already embattled airline industry is making it clear to Congress and the president that unless the government steps in to assist the major airlines many of them will have to file for bankruptcy. In addition to losses incurred during last week's federally mandated moratorium on commercial flights, airlines are facing a decreased demand for air travel, and increased costs and a significant reduction in flights due to new security measures. Confronted with this dilemma, Continental airlines laid off twenty percent of its workers this past Saturday---a move which American Airlines, US Airways, and other major U.S. airlines are expected to take later this week. See "American plans job cuts", by TERRY MAXON, The Dallas Morning News, Sep 17, 2001.