Airlines lost as much as $100M due to supertyphoons

05:16 AM October 05, 2018

The International Air Transport Association (IATA) estimated that two Category 5 typhoons that slammed Japan, China and the Philippines in September likely resulted in industry-wide passenger revenue losses of $60 million to $100 million.

Such findings were included in the release this week of IATA’s assessment on the impact of the storms Jebi, which landed in Japan’s southern cost on Sept. 4, and Mangkhut (Ompong), which hit the Philippines’s Luzon island on Sept. 15 before moving on to Guandong province and Hong Kong.


The figures cited were a small fraction of global passenger revenues, which IATA estimated would reach $590 billion this year. However, such disruptions underscored the importance of some of those gateways, which serve as important global hubs.

Apart from passenger revenue losses, airlines incurred other expenses such as passenger reaccommodation and the cost of diverting flights.


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: airlines, International Air Transport Association (IATA), supertyphoons
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.