Power Breakfast: Volcano affecting Atlanta businesses, electric rates, DeKalb avoids layoffs, MARTA, Goldman

The volcanic ash over Europe has cast a cloud over some businesses with Atlanta ties, AJC reporters David Markiewicz and Kelly Yamanouchi write.

Chief among them is Delta Air Lines, which could be losing more revenue than any other U.S. carrier.

And shipping giant UPS, which delivers 2 million packages a day outside the U.S. Its main European air hub in Cologne, Germany, has had to stop outbound shipments from Europe and could not say Monday when they will begin again, Markiewicz and Yamanouchi report.

As airlines prepared to resume more flights Tuesday, AirlineFinancials.com analyst Robert Herbst estimated Delta is losing $10.4 million in revenue daily, with a daily operating loss of $6.5 million after accounting for savings from unused fuel and other operating expenses. That’s the highest amount among the U.S. carriers.

The Boyd Group, an aviation consulting firm, estimated Delta lost $29.4 million in revenue through Sunday, also the highest among U.S. airlines.

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One comment Add your comment

TnGelding

April 20th, 2010
6:28 am

As I’ve stated many times, man wasn’t meant to fly! Just when the airlines appeared to be recovering a little. And the EU sure didn’t need it. Maybe the president can dispatch AF1 to rescue the young lady from England. And bring the boys home from the Middle East as its next mission.