ABSTRACT
At best, the air transport industry's fortunes have been irregular. The airline industry, despite its glamour and perceived commercial power, has experienced marginal profitability and cyclical fiscal growth in the long term, with periods of growth and profit being watered down by less successful periods that follow. The International Civil Aviation Conference, convened at the initiative of President Roosevelt of the United States, was held in Chicago, Illinois from 1 November to December 1944. Following the events of 11 September 2001, the international insurance market gave notice on 17 September that, effective from 24 September, third party war risk liability insurance, covering airline operators and other service providers against losses and damages resulting from war, hijacking and other perils, would be cancelled. Integral to implications for air transport of enhanced security measures are issues of privacy and the rights of the airline passenger. Peace and understanding among nations was achieved through the post-modernist imperative of citizens' needs.
