USD150 million impact on US airlines from winter storms
If Continental’s experience is any measure, the US airline industry may be looking at USD150 million in storm-related losses for February and certainly more than that for the first quarter. Yesterday, the Houston-based carrier indicated that February’s series of 'snowpacalypses' that ran up the East Coast reduced its consolidated passenger revenue for the month by approximately USD25 million. The storms caused the suspension of operations at its New York hub on 10-Feb-2010 and 26-Feb-2010.
