The September 11, 2001 terrorist attacks affected some businesses profoundly and others not at all. The sectors most affected were aviation and banking, with the latter suffering longer-term consequences.
Forensic analysis of the short and long-term impacts on Australian business of the September 11, 2001 terror attacks must inevitably focus on aviation and banking – two sectors deeply intertwined with international markets.
Aviation, which really means Qantas, bore the immediate brunt of September 11 with the collapse of its international business. At the same time it was grappling with the collapse of Ansett, which suddenly pushed 100,000 passengers onto Qantas’ domestic network.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
