United Airlines A Victim of 9 11
United Airlines – A Victim of 9/11? ... Today, hundreds of airlines with thousands of aircrafts compete about millions of passengers. Obviously, this is a lucrative market, but the events on September 11, 2001 precipitated the whole airline industry into a deep crisis. Until now, several airlines announced insolvency among them United Airlines. Although it is the second largest carrier in the world, the management filed for chapter 11 federal bankruptcy protection on December 10, 2002. Is 9/11 the reason for this insolvency or are there others? As the events on 9/11 took place, two of the four hijacked planes were owned by United Airlines.