Foiled terrorist attacks could lead to businesses reassessing need for travel, risk management expert says

Thursday, August 17, 2006

The thwarted terrorist plans to blow up U.S.-bound airlines, which resulted in heightened security at airports and restrictions for airline passengers, may force companies to reevaluate the way in which they conduct business travel, according to Dr. Brenda Wells, associate professor of risk management and insurance at the University of North Texas.

Well, the founding director of the UNT Financial Services Center, says that because employees are "the most valuable resource" for a business, she expects risk managers to recommend changes in travel policies for the foreseeable future.

"Corporate risk management involves protection of the firm's profits, property and people," she says, adding that risk managers recommend that top management and key employees not fly on the same plane as a standard practice.

"Each key person should take a different flight. Prudent corporate executives will heed this recommendation, whether flying on commercial or private flights," she says.

She adds that companies often restrict or eliminate travel to "areas that present extraordinary political risks."

"Given the events of last week, we may see a decline in international travel of corporate employees, but that will also depend on importance of their travel to the company," she says.

Well says the current concerns over terrorism may mean increased business for some carriers.

"Small regional airlines thus far have not, to my knowledge, been terrorist targets," she says. "We thus may see risk managers recommending the use of lower-profile airlines when possible."

But Wells points out if you consider the number of planes that fly each day, and the number of passengers on those planes, the statistical probability of death due to air travel is still very low.

"Given the FAA's increased security requirements, I expect that it is still safer to fly than it is to travel by automobile or any other means," she says.

UNT News Service Phone Number: (940) 565-2108

Category:

Latest News

Friday, September 19, 2014

Four internationally recognized artist/scholars will talk about how they combine technology, science and art as part of the Tactical Robotics Symposium: Latin American Media Art at the Intersection of the Pedagogy at the University of North Texas.

Educational researcher Michael Fullan, an internationally recognized expert on e
Friday, September 19, 2014

Educational researcher Michael Fullan, an internationally recognized expert on educational reform, will speak about "Leadership for Maximizing Impact in Schools and Districts" at this year's University of North Texas' Education Leadership Conference.

Thursday, September 18, 2014

A new program under development at the University of North Texas aims to increase the diversity of the rehabilitation counseling career field, while helping students complete an education and move into the profession in less time.

Richard Dixon
Wednesday, September 17, 2014

University of North Texas Distinguished Research Professor Richard Dixon has been named president-elect of the American Society of Plant Biologists.

Tuesday, September 16, 2014

Millions of devoted fans watch "Game of Thrones" and enjoy the book adapted by the television show, but those fans have nothing on the 300 visitors coming to UNT.