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Wednesday, Nov 7
2012, 8:08 AM
Major airline are canceling flights in and out of the New York area ahead of a major winter...
Major airline are canceling flights in and out of the New York area ahead of a major winter storm bearing down on the region. Over a thousand flights scheduled for today and tomorrow have already been cancelled. The bigger issue: On the heels of Hurricane Sandy, a second storm will further disrupt the Q4 profitability of major carriers - although some industry loss estimates came in too high. Wolfe Trahan pegs the number at $190M with some sales made back up on rescheduled trips - instead of the +$500M loss projection getting bandied around last week.