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How terror attacks reduced European airlines’ traffic by 1.6%-IATA
The International Air Transport Association (IATA), the clearing house for over 280 global airlines disclosed that terrorist attacks in Western Europe in late-2015 and early-2016 reduced European airlines’ international passenger traffic by an estimated 1.6% in the following year compared to what would otherwise have happened. It estimated that this reduced European airlines’ 2016 revenues by around $2.5b, adding that by contrast to previous major shock events such as after 9/11, the impact has been…
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