Airline Losses May Top $600 Million Due to Snow

Workers de-ice a plane at Chicago's O'Hare International Airport 
(Flickr: Cliff1066TM)Airlines may have already lost more than $600 million due to snow in this very active winter.

 

Storms have already forced the most cancelations of any winter since the government began tracking such data in 1987.

 

Just last week, nearly 20,000 flights were canceled as a massive winter storm dumped snow on major US hubs like Chicago’s O’Hare International.

 

Since November 1, the number of canceled flights nationwide stands at 89,884, according to FlightStats and FlightAware.com.

 

That number would put airlines’ net revenue loss at about $629 million, according to AirlineForecasts LLC, a company that builds financial models for investors.

 

That is not a good way to start the year for an industry already facing financial trouble due to rising fuel costs. Officials and travelers can only hope that the worst of the winter onslaught is over.

 

Source: Bloomberg

Flickr: Cliff1066TM

Post your Comments












Book with OneTravel

  • Flights
  • Hotels
  • Cars
From:
To:
Click here for calendar
Time:
Click here for calendar
Time:
Adults:
Seniors: (65+)
Children:(2-11)
Infants on lap:
Infants on seat:
Class:
Save on Bookings with 3+ pax
or hotel stays of 3+ nights
this month withSM25

RecentPosts

  • 5 Essential Tips To Make Languages Easier To LearnComments: 0Rating: 0 / 0


  • By:Suzy Guese, last post 22 Oct 2014
  • If you are struggling with learning a language or just thinking about picking up a new language, be sure you practice these five tips to make learning a little easier....read more

  • Heathrow Airport: Some Facts and FiguresComments: 1Rating: 0 / 0

    1
  • By:Chris Osburn, last post 21 Oct 2014
  • Heathrow – it’s the airport I’m most apt to fly in and out of. Considering how much time I spend there, I thought it might be worthwhile to learn a bit more about the place. So, I took a moment to dig around online for some Heathrow facts and figures. Here’s a list of some of the more interesting bits of trivia I discovered....read more

  • European Politeness! How To Say ‘Please’ All Over EuropeComments: 0Rating: 0 / 0


  • By:Suzy Guese, last post 21 Oct 2014
  • Just as your mother probably taught you, being polite can go a long way, especially if you are traveling a long way around Europe. Before you take off, be sure you know how to say please all around the continent....read more

  • An Unusual Cup of Joe: 4 Unique Coffee Shops To Get Your Caffeine FixComments: 0Rating: 0 / 0


  • By:Suzy Guese, last post 20 Oct 2014
  • From coffee houses that are part bicycle shop to those that infuse their coffee with Coca-Cola or shut off the Wi-Fi, here are four unique coffee shops across the country to get your caffeine fix....read more

  • Follow Scotland's Historic Malt Whisky TrailComments: 1Rating: 0 / 0

    1
  • By:Chris Osburn, last post 17 Oct 2014
  • The world famous and one of a kind Malt Whisky Trail in Scotland passes through seven Speyside working distilleries, as well as a historic distillery and Britain's only cooperage. Though hardly inclusive of the numerous distilleries in the Speyside area, the trailserves as an excellent spine through the region. Indeed, any visit to all of the venues along this stretch of green Scottish countryside would result in plenty of knowledge about a Scottish and a wealth of memories....read more