economic impact

Prof. Detlof von Winterfeldt, USC report, March 14, 2006: "Risk and Economic Analysis of Terrorist Events"

• Shutdown of all airports
• Lave: $1.5 billion/day
• USC model: $1 billion/day

9/11 economic impacts (2 years)

• Santos and Haimes: $28-80 billion
• USC model: $250-400 billion

RAND 2005 "Protecting Commercial Aviation Against the Shoulder-Fired Missile Threat"

• $15-50 billion

Campbell-Hill Aviation Group, March 2006

• Civil aviation directly responsible for $1.2 trillion of 2004 National Economic output; 11.4 million jobs