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JetBlue

Record Freeze ‘Will Cost Airlines $50M to $100M’

US airlines have cancelled about 20,000 flights since Jan. 2 due to record cold and snow, American Shipper reports. The financial impact from the extreme weather will be between $50 million to $100 million for the airline industry, the publication says, citing an industry note by Cowen and Company. Because … Read more »

cars in snowstorm

Arctic Blast Could Cost US Economy $5 Billion

The record freeze that blanketed the eastern half of the US this week cancelled or delayed thousands of flights, halted road and rail travel, and drove energy prices higher, Reuters reports. At least nine people have died from frigid temperatures, expected to be 25 degrees to 35 degrees Fahrenheit below … Read more »