News - Local
Storms cost Southwest Airlines $15 million
Posted: Mar 5, 2010 9:59 AM
Southwest Airlines Co. says that winter storms along the East Coast last month cost it $15 million in lost passenger revenue.
Southwest's estimate on Friday came after two other airlines said earlier this week that the poor weather cost them about $55 million in lost revenue.
Continental Airlines Inc. estimated the storms cost it $25 million after it closed operations at its Newark, N.J., hub. US Airways Group Inc. pegged its storm loss at $30 million. It was vulnerable because it has more flights along the East Coast than any other airline.
The storms caused airlines to cancel thousands of flights and to delay many others. Flight-tracking firm FlightStats.com tallied 7,400 canceled flights at the seven largest airports affected by the weather.
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