Airlines may have already lost more than $600 million due to snow in this very active winter.
Storms have already forced the most cancelations of any winter since the government began tracking such data in 1987.
Just last week, nearly 20,000 flights were canceled as a massive winter storm dumped snow on major US hubs like Chicago’s O’Hare International.
Since November 1, the number of canceled flights nationwide stands at 89,884, according to FlightStats and FlightAware.com.
That number would put airlines’ net revenue loss at about $629 million, according to AirlineForecasts LLC, a company that builds financial models for investors.
That is not a good way to start the year for an industry already facing financial trouble due to rising fuel costs. Officials and travelers can only hope that the worst of the winter onslaught is over.
Get new posts delivered by email:
Top Travel Deals on RSS
Kid-Friendly KingstonComments: 0Rating: 0 / 0
Bring the whole family to these great Jamaican locations!...read more
A Guide to London Heathrow Airport’s 5 (Soon to be 4) TerminalsComments: 0Rating: 0 / 0
Do you know your way around Europe's busiest airport?...read more
3 Log Cabins You Can Visit Where Lincoln LivedComments: 0Rating: 0 / 0
Visit these national landmarks in Kentucky!...read more
3 Things You Didn’t Know You Could Do in Fort LauderdaleComments: 0Rating: 0 / 0
This amazing location is so much more than just perfect beach weather!...read more
15 Useful Travel Phrases in CroatianComments: 0Rating: 0 / 0
Learn some basics of this tricky language before you travel!...read more
Some of the content posted herein are the views and opinions of the individual blogger's and do not represent the views and opinions of OneTravel. It may be the case that OneTravel is partnering with a particular travel supplier mentioned in a blog post, however, all views and opinions expressed herein by parties other then OneTravel are by the respective bloggers.
© 2015 W K Travel, Inc. All rights reserved. California: CST #2090295-40, Nevada: SOT #2007-0081, Iowa: SOT #883, Washington: SOT #602785938, Florida: SOT #ST38063