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If the events of September 11th, 2001 are any indication of how events can deeply affect the stability of the airline industry, then war against Iraq could prove devastating.
The value of airline stocks has generally plummeted. Not only did stock values sink during the tumultuous times that have plagued the skies since September 11th, 2001, but improved circumstances seem less likely as the prospects of war against Iraq inch closer to a real possibility.
Many major carriers around the globe have slashed jobs, instituted more restrictions on tickets and the like. Some airlines have plunged into bankruptcy or have ceased operations completely. These are difficult times for many airlines, and the possibility of war may have grave ramifications for the airlines.
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