Weather costs keep on mounting for US airlines
In releasing its February traffic statistics yesterday, United Airlines stated its weather-related cancellations last month reduced revenue by about USD40 million, from 1,740 cancelled flights. However, the benefit to PRASM was approximately 1.5 points from storm-related reductions in ASMs and the impact of the Lufthansa strike on trans-Atlantic loads. The company said that storm-related cancellations accounted for 3.5 ppts of the 5.3% year-over-year decline in consolidated ASMs for the month of February, and are expected to reduce consolidated ASMs for 1Q2010 by approximately 1.0 ppt.