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November 05, 2012 at 15:45 PM EST
Airlines to Take a Nearly $200 Million Hit from Hurricane Sandy, According to Analysts
MINYANVILLE ORIGINAL Between October 27 and November 1 airlines canceled more than 20 254 flights in North America because of Hurricane Sandy. The mass cancelations caused massive inconvenience for thousands of passengers and also hurt airline profits.   According to Wolfe Trahan analyst Hunter Keay the total cost of losses for the seven most affected airlines is an estimated $190 million on earnings before interest and taxes reported The Street.   Keay’s estimates of the earnings impact of Sandy on each airline were: Delta (NYSE:DAL) $50 million; United Continental (NYSE:UAL) $45 million; American (PINK:AAMRQ) $30 million; US Airways (NYSE:LCC) $30 ...
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