Hurricane Sandy cut $90 million in revenue, United Airlines says
ASSOCIATED PRESS November 8, 2012 7:37AM
Updated: November 8, 2012 9:50AM
NEW YORK — United Airlines says Superstorm Sandy cut its October revenue by about $90 million as it was forced to cancel almost 5,300 flights.
That’s nearly an entire day’s worth of United’s schedule lost. It runs about 5,500 flights a day throughout the world.
United, the world’s largest airline, said late Wednesday that the storm that came aground in the New York area 10 days ago shaved about $35 million off its profit in October.
But the hurricane-winter storm hybrid boosted its per-passenger revenue by about 1 percent. That’s because some stranded travelers were stuffed onto other flights, allowing the airline to improve efficiency.
Delta said last week that Sandy cut its October revenue by $45 million and profit by $20 million.
United parent United Continental Holdings Inc. is based in Chicago.