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

  • How To Shop For Your Holiday Air TravelComments: 0Rating: 0 / 0


  • By:Suzy Guese, last post 17 Sep 2014
  • Thanksgiving, Christmas and New Year’s are not only some of the most popular times to fly but they can also be the most miserable and challenging flights to shop for if you want a good price, seat, flight date and time. And as you should be starting to book those flights, here are a few steps to take to ensure you go about shopping for holiday air travel on the right flight path....read more

  • Transport for London Goes ContactlessComments: 1Rating: 0 / 0

    1
  • By:Chris Osburn, last post 16 Sep 2014
  • From the 16th of September, passengers of public transport in London can use their contactless payment cards to pay for travel on buses, tram, DLR, London Overground, most local National Rail services and the Tube....read more

  • 5 Celebrities Who Have Mastered Airport StyleComments: 0Rating: 0 / 0


  • By:Suzy Guese, last post 15 Sep 2014
  • Dressing for the airport can be tricky, especially if you want to stay comfortable but also avoid looking like an unmade bed. Luckily for travelers, celebrities have mastered how to look chic while traveling through the airport. If you want to emulate some stars’ airport style, here are five celebrities who whisk through the airport in the greatest of fashions....read more

  • 3 Healthy Ways to Pass the Time During a LayoverComments: 0Rating: 0 / 0


  • By:Jen Westmoreland Bouchard, last post 12 Sep 2014
  • Even if you’re stuck at the most exciting airport on the planet, it’s still a good idea to have a few ideas for how to pass the time at the ready. Bonus points if they are healthy and will help you enjoy your trip even more!...read more

  • XE Currency App Even Comes in Handy When You're OfflineComments: 1Rating: 0 / 0

    1
  • By:Chris Osburn, last post 11 Sep 2014
  • The XE currency app enables travelers to “convert every currency on-the-go” by offering “live proprietary exchange rates and historical charts” to make calculating prices and exchange rates fast and hassle free. The app has seen more than 25 million downloads since its release, including my own. I use this app all time....read more