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.



Latest news

Eight dead as 3.8 inch rain cripples life in Karachi
According to the media reports , at least ten people were killed so far in the city, mostly from electrocution. In Mumbai, the rain halted public transport and caused flights to be diverted earlier this week.

Humiliated for period stain, Indian girl kills herself
The class 7 student jumped off a 25-foot-high building in her hometown in Tirunelvelli, over 600 km from Chennai . The girl was scolded and embarrassed in front of her peers for a few blood stains on her uniform.

The Cabot Oil & Gas Corporation (COG) Shares Bought by Heartland Advisors Inc
On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current year. Jr. had sold 2,800 shares worth $100,100. $109,985 worth of Knight Transportation (NYSE:KNX) shares were sold by Quast Kevin.

Insider Trading at 3i Group plc?
The stock of Arrow Global Group PLC (LON:ARW) has "Buy" rating given on Wednesday, March 22 by Shore Capital. RBC Capital Markets maintained Edgewell Personal Care Co (NYSE:EPC) on Friday, July 14 with "Buy" rating.

Lenovo's Yoga 720 is a mild update to a mild convertible
The Lenovo Explorer was originally showcased during the CES and makes the use of Microsoft's Windows Mixed Reality platform. The Home Assistant Pack will cost you only $69.99, while Lenovo's 4-series tablets start at a pretty affordable $129.99.

Other news