Teal Group’s Richard Aboulafia took an unusual way of looking back at 9/11. Richard describes how the impact of 9/11 has played out. His view is that the sad day did not create the long term impact one might have expected. Yes, it was a horrible day. But looking back, the damage to the economy and aviation industry was not as bad as many expected.
Good grief, where to start?
Ask any of the hundred thousand plus employees furloughed never to be recalled? How about the $20B annual passenger spend lost and gone forever? And the 30% enduring loss in economic value of airline careers?
I wish Richard WAS right, but sadly, not even close. Perhaps he cannot see the forest for the trees?