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Chapter 4 Cost EstimatesThis chapter outlines the estimated social costs in terms of fatalities, nonfatalinjuries and common costs in 2003/04. These estimates are comparedto the 1996 estimates.FATALITY COSTSThe costs attributable to the 37 fatalities in 2003/04 total $80.2 million.The vast majority of this cost ($59.7 million, 74 per cent) comes from ourestimate of productive output loss—which totals lost contributions toworkplace, household and volunteer work.In BTE (1998), the fatality costs totalled $74.4 million in 1996 dollar values—$89.9 million in 2004 dollar values, CPI adjusted, of which 77 per cent wasattributable to productive output losses.17NON-FATAL COSTSThe total cost attributable to accidents and incidents without a fatality thatoccurred in 2003/04 is $33.7 million. $20.7 million of this (61 per cent)comes from Bureau estimates of costs for the loss or repair of aircraft, withthe majority ($16.1 million) attributable to incidents.In BTE (1998), the costs attributed to non-fatal accidents and incidentswas $37.2 million in 1996 dollar values ($45.0 million in 2004 dollar values,CPI adjusted). 45 per cent was attributable to repair/replacement costs ofaircraft damage.COMMON COSTSThe refined allocation of aircraft damage costs (detailed in chapter 3)produces an industry wide estimate for cost of $23.4 million in 2003/2004dollar values. This compares to $20.9 million in 1996 dollar values in BTE(1998) ($25.2 million in 2004 dollars, CPI adjusted).
$ Million (2004)Cost of Aviation Accidents and Incidents | btre report 113The quality of life costs for all accidents and incidents total $20.0 millionin 2003/04. This compares to $16.1 million in 1996 dollar values inBTE (1998) ($19.5 million in 2004 dollars, CPI adjusted).COMPARISON TO 1996 COSTSAs detailed in chapter 3, four categories of costs contributed over 92per cent of the total cost of crashes in 1996. These four were analysedand updated in this paper and the remaining categories were added asa contingency. The values in BTE (1998) of these major contributors tototal cost have been increased by the Consumer Price Index to enablesome comparison with the 2003/04 results. The comparison is in figure4.1 below. Lower Workplace and Household losses largely reflect thereduction in fatalities (37 in 2003/04 compared with 51 in 1996).FIGURE 4.1 THE MAJOR CONTRIBUTORS TO TOTAL COST401996 Costs (Adjusted to 2004 by CPI)352003/2004 Costs18302520151050WorkplacelossesHouseholdlossesPropertydamageQuality of lifeNote:Source:Includes minor injury costs associated with Incidents.BTRE estimates. CPI adjustments based on ABS (2004c).Workplace and household 23 lossesProductivity losses are linked to the number of people killed or injured.Between 1996 and 2003/04, numbers in the categories of fatalities,23 ‘Household’ includes community or volunteer work.
Page 2 and 3: Cost of AviationAccidents and Incid
Page 4 and 5: ForewordIn 1998, the Bureau of Tran
Page 6 and 7: ContentsFOREWORDIIIEXECUTIVE SUMMAR
Page 8 and 9: Executive summaryThis report provid
Page 10 and 11: Chapter 1 IntroductionBACKGROUNDIn
Page 12 and 13: tre report 113| Cost of Aviation Ac
Page 14 and 15: Chapter 2 The Major TrendsThis chap
Page 18 and 19: Chapter 3 MethodologyThis chapter d
Page 32 and 33: Chapter 5 ResultsCOST OF AVIATION A
Page 38 and 39: Appendix AACCIDENT & INCIDENT REPOR
Page 46 and 47: Appendix BATSB INVESTIGATION CATEGO
Page 54 and 55: APPENDIX CSUMMARY OF ACCIDENTS, 200
Page 56: ReferencesAbelson, Peter 2003, “T

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