The Daily Parker

Politics, Weather, Photography, and the Dog

The Blizzard of 2011: Economic impacts

The storm this week forced 20,000 flight cancellations costing $120-150 million:

American Airlines, the country’s third-largest carrier, took the biggest hit after high winds and ice closed its Dallas-Fort Worth International Airport hub Tuesday.

American, along with American Eagle and its other commuter operations, racked up more than 5,300 cancellations for the week, according to FlightAware, which tracks airline performance.

Assuming that 10 percent to 30 percent of stranded customers choose to not reschedule, the cancellations likely reduced first-quarter net income of parent company AMR Corp. by $41.5 million to $51.3 million, or 12.5 cents to 15 cents a share, said Vaughn Cordle, chief analyst at AirlineForecasts.

None of the airlines the article discussed commented on the figures.

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