Analyst says Harvey will cost United Airlines $265 million

Nearly 3,000 Flights Canceled in Harvey’s Wake

United and Southwest, the largest airlines at those airports, says it will ramp up operations cautiously. But few other people are able to travel there. Flights resumed at a very limited capacity Wednesday afternoon at both George Bush Intercontinental and Hobby Airport.

"This is going to be a phased process", Houston airport system spokesman Bill Begley told AFP, adding that domestic flights would resume first.

United is still encouraging passengers flying to or through Houston and nearby airports to consider travel waivers, and encouraging customers elsewhere to arrive early. Close to 20% of all United flights were cancelled because of the storm.

George Bush Intercontinental Airport gradually resumed operations on August 30, 2017, after Hurricane Harvey.

Thousands of flights have been canceled or delayed due to Harvey. The shares tumbled 13 percent this year through Monday, more than twice the decline of Delta and three times the slide of American Airlines Group Inc.

Southwest Airlines has hundreds of flights daily in and out of Hobby Airport.

A recent change in how United schedules its aircraft also helped limit Houston's impact on the rest of the airline's flights. That helps keep cancellations at one airport from rippling throughout the airline's network.

Flights at the third-largest US carrier will decline an estimated 1.5 percent in the current quarter because of the storm, with little opportunity to recoup lost sales, Helane Becker of Cowen & Co. said in a report Tuesday.

Becker estimated United could take at least a $265 million financial hit, with little opportunity to recover lost sales, she said in a Tuesday report.



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