The blizzard that wreaked havoc on the East Coast this week may cost airlines up to $150 million as planes sit idle following the cancellation of thousands of flights.
For the airlines, the costs are adding up in several ways.
There’s the added expense of paying crew overtime and sleeping accommodations, de-icing operations, and fuel for planes that either idle on the runway and don’t take off or planes that were repositioned for the storm.
In addition to the expense, there is also the loss of revenue.
Full story: Blizzard may cost airlines $150 million