If that plane really had been taken out by terrorists, it would have meant bankruptcy for all the air carriers, as well as their suppliers, the hotel chains, etc. The overall economic effect would have been devestating.
this is quite a bit of overstatement, i think. first, we don't know that the plane wasn't taken out by terrorists. second, i don't see why evidence of structural fragility in airbus designs, making them prone to having their tails ripped off, is - on the face of it - a whole lot better to public confidence than terrorists with anti-aircraft weapons.
anyway, this was the week of 12 nov, right? fierce rally in the futures was causing forcing delta hedging everywhere, if i recall correctly.
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