Hurricane Harvey can do United Airlines in $ 265 million

Hurricane Harvey can do United Airlines in $ 265 million

It seems that the hurricane Harvey has made a serious impact on the financial condition of the airline United Airlines.

Business Insider reports that losses from the past cataclysm will amount to $ 265 million, according to a report by analyst Helen Becker.

United Airlines is the largest tenant of the Houston Intercontinental airport George Bush. The company’s operations produced here account for 17% of its financial turnover.

Other airlines also suffered losses, but in comparison with the loss of United Airlines they are simply insignificant. For example, Spirit Airlines they will be only 11 million, predicts Becker.

Moreover, the analyst believes that United Airlines will not even be able to recoup most of the revenue, since the airport is George Bush still closed. And even after its opening to the devastation and destruction that now prevails in this part of America, may affect the ability of employees to return to work.

Over the weekend the company sent three of the latest Boeing 777-300ER with material assistance, as well as more than 100 employees for restoration and support of victims. In addition, United Airlines has donated 200 thousand dollars to Texas communities affected by the terrible hurricane Harvey.

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