Thursday, February 3, 2011
Mother Nature's winter storm assault on the Midwest is exacting a heavy toll from the airline industry. See Mike Estrel, Weather Whacks Airlines' Revenues, Wall St. J., Feb. 2, 2011 (available here). The final damage may not be known for weeks, but needless to say it will not be pretty. As the story discusses, the airlines are already battling rising fuel costs as they struggle to return to consistent profitability after the skid which began in 2007.