By Mary Ellen Podmolik
| Weather-related cancellations last month cost United Airlines $40 million in lost revenue, the airline said Monday as it reported a 2.1 percent increase in February traffic.
The Chicago-based carrier said revenue passenger miles totaled almost 7.82 million miles last month on a 5.3 percent decrease in available seat miles. A revenue passenger mile is the revenue generated by flying one passenger one mile.
United’s load factor, which represents the percentage of seats filled
with passengers, was 78.7 percent in February, compared with 73 percent a
year ago.
Its on-time arrival rate during the month was 79.5 percent.
Not much that they could have done about mother nature. $40 million is a lot of money, but many other businesses suffered as well.
Weather delays,airport restrictions,FAA policies,etc,etc are all part of running an airline. If the people running them do not know how to do it, the y should quit and stop crying in the press.
Weather delays,airport restrictions,FAA policies,etc,etc are all part of running an airline. If the people running them do not know how to do it, the y should quit and stop crying in the press.
I’m pretty sure that a Chicago-based airline knows that weather delays and airport restrictions are part of the business, genius. They are reporting this information to share it with Wall St. and others who are interested in using it to value the company’s share price. All of the other carriers reported the same information last week