Winter storms hit economy hard
Winter storms coming down hard on airlines and the economy..
Travelers coming into or going out of the New York, New Jersey, Metropolitan area have been hit hard by this year’s winter storms. As a result the economy both local and nationwide has been feeling its effects.
In January a total of over 49,000 flights nationwide were cancelled due to this year’s polar vortex. That is surprisingly more than double the number of flights cancelled as a result of Hurricane Sandy in 2012. This winter storm, just as Sandy did in 2012, has put a big burden on the economy.
According to masFlight, the aviation operations tech company, the U.S. economy has lost over $2.5 billion due to January weather complications at the airport. Due to the prolonged bad weather people are not delaying their trips but rather they are cancelling them all together. This means airlines have lost millions in cancelled flights that have not been rescheduled. Hotels and tourist attractions lose business because people aren’t able to reach them due to the weather. Transportation services lose revenue because without flights their clients have no need to be taken to and from the airport.
Now with January behind us, February is not shaping up to be much better. Since the start their has already been over 4,500 flights cancelled and over 6,600 flight delays in the New York, New Jersey, Pennsylvania area alone according to the article by Tom De Poto of The Star-Ledger.
With winter still in full effect we can expect much more snow fall to come in our area.
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