- A winter storm spread across the Northeast is creating a ripple effect of airline flight cancellations.
- FlightAware.com reports 1,369 cancellations today after over 2,200 were scrapped yesterday.
- The carriers most impacted by the weather are American Airlines Group (AAL), United Continental (UAL), and Republic Airways (RJET).
- Typically, airlines lose less than 25% of the revenue from canceled flights with factors such as the percentage of business travelers and the length of the suspension of service coming into play. In some cases, if the weather matrix is handled adroitly - a carrier can be close to break-even off the development.
Winter storm throws wildcard at airliners
Dec 10 2013, 10:16 ET