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How do catastrophic failures happen within the airline industry and how does it affect today's economy?...

How do catastrophic failures happen within the airline industry and how does it affect today's economy? I am writing a paper for JetBlue specifically, however, if the answer doesn't relate to that it's ok. I'm looking for a general idea on the question asked.

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Catastrophic failures in the airline industry take place due to reasons like various forms of human error, sabotage, severe weather conditions, mechanical failure, and pilot error.

The failure affects the today's economy because the airline industry is vital towards the development of a country's economy. The airline industry plays a significant role in enabling the easier and faster movement of the goods and passenger and it also provides jobs to millions of people. Connectivity through the air has doubled in the past years and this has contributed to the overall economy.

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