January Storms Cost U.S. Airlines Up to $150 Million
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Severe winter storms in the first month of the year cost U.S.-based airlines as much as $150 million in lost revenue and extra expenses after they canceled about as many flights as the past three Januaries combined, industry data tracker masFlight said.
More than 49,000 flights were scrapped and another 300,000 delayed, Bethesda, Maryland-based masFlight estimated. Carriers lost $75 million to $150 million due to costs such as de-icing jets as well as lost revenue, said masFlight Chief Executive Officer Josh Marks.