Updated 1:25 p.m. ET
(Bloomberg) -- United Continental Holdings Inc. is likely to take at least a $265 million financial hit from Hurricane Harvey because of the carrier’s reliance on Houston as one of its biggest hubs, an airline analyst said.
The third-largest U.S. carrier’s seat count will fall an estimated 1.5% in the current quarter because of the storm, with little opportunity to recoup lost sales, Helane Becker of Cowen & Co. said in a report Tuesday. Houston’s George Bush Intercontinental Airport is one of United’s largest hubs, accounting for about 17% of the airline’s capacity.
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