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CNN Live At Daybreak
Study Shows New Terror Threats Hurt Airlines
Aired August 01, 2003 - 06:49 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: New terrorist threat bulletins could hurt the already troubled airline industry.
Time for a little business buzz right now. Let's head live to New York to the Nasdaq site and Carrie Lee.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning again, Carol.
That's right, according to published reports, recent terrorism warnings from the government are deterring some travelers from flying. A new study has found that 1 in 10 travel agents surveyed say their clients are changing travel plans because of these warnings. Now this is a study done by Carlson Wagonlit Travel. This is the world's second largest travel firm. Remember on Saturday, the Department of Homeland Security sent an advisory warning about new al Qaeda suicide hijackings in the United States and Europe.
Now opinions differ on how drastic any travel drop-off will be. We're expected to see not as much of a drop-off, though, as we saw back in February when the government raised the terror alert level to Orange. They are keeping it at Yellow this time around, Carol. But as you know, profit margins are so thin in this much-troubled industry that even a little bit of a drop off can really negatively impact the airline sector. So one group we're keeping an eye on these days -- Carol.
COSTELLO: Absolutely. Carrie Lee, live from New York this morning, thank you.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired August 1, 2003 - 06:49 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: New terrorist threat bulletins could hurt the already troubled airline industry.
Time for a little business buzz right now. Let's head live to New York to the Nasdaq site and Carrie Lee.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning again, Carol.
That's right, according to published reports, recent terrorism warnings from the government are deterring some travelers from flying. A new study has found that 1 in 10 travel agents surveyed say their clients are changing travel plans because of these warnings. Now this is a study done by Carlson Wagonlit Travel. This is the world's second largest travel firm. Remember on Saturday, the Department of Homeland Security sent an advisory warning about new al Qaeda suicide hijackings in the United States and Europe.
Now opinions differ on how drastic any travel drop-off will be. We're expected to see not as much of a drop-off, though, as we saw back in February when the government raised the terror alert level to Orange. They are keeping it at Yellow this time around, Carol. But as you know, profit margins are so thin in this much-troubled industry that even a little bit of a drop off can really negatively impact the airline sector. So one group we're keeping an eye on these days -- Carol.
COSTELLO: Absolutely. Carrie Lee, live from New York this morning, thank you.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
