Published at Thursday, March 28th, 2019 - 04:15:50 AM. Type of airline. By Amet Franke.
Despite continuing efficiency improvements from the major aircraft manufacturers the expanding demand for global air travel has resulted in growing greenhouse gas (GHG) emissions. Currently the aviation sector including US domestic and global international travel make approximately 1.6 percent of global anthropogenic GHG emissions per annum. North America accounts for nearly 40 percent of the world s GHG emissions from aviation fuel use. 78
Congress passed the Air Transportation Safety and System Stabilization Act (P.L. 107-42) in response to a severe liquidity crisis facing the already-troubled airline industry in the aftermath of the September 11th terrorist attacks. Through the ATSB Congress sought to provide cash infusions to carriers for both the cost of the four-day federal shutdown of the airlines and the incremental losses incurred through December 31 2001 as a result of the terrorist attacks. This resulted in the first government bailout of the 21st century. 43 Between 2000 and 2005 US airlines lost $30 billion with wage cuts of over $15 billion and 100 000 employees laid off. 44
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