NEW YORK: Air passengers lost out on $5.3 billion due to cancellation of more than one million flights due to severe weather conditions in the United States. This is unfortunate the grave impact of cancellation always comes on consumers instead of companies.
According to a latest analysis from masFlight, during the period of December 2013 to February 2014, almost 1, 08, 600 flights were cancelled and 8, 94, 300 flights were delayed due to severe weather conditions.
According to the new report, cancellations cost airlines around $500 million and airports $4.5 million. Affected passengers lost out on $5.3 billion, way above the $2.9 billion averaged between 2009 and 2013, according to masFlight. The rate of flight cancellation in 2013-2014 was almost 5.5% an increase of almost 3% than previous years.