Airlines brace for financial fallout from FAA furloughs

04/23/2013 | AviationWeek.com

U.S. airlines are warning that they might lose tens of millions of dollars each month due to delays from the ground delay program imposed by the Federal Aviation Administration. The FAA has started furloughing air traffic controllers due to the budget cuts. "Our revenue management and finance teams estimate that this negative impact upon demand could result in the loss of up to 2% of our domestic passenger revenue, i.e., up to $40 million in lost revenue per month," said David Holtz, Delta Air Lines’ vice president of operations control.

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