Join The Discussion

 

Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

read more >

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

Storm costs airlines more than $100 million

Crews de-ice airplanes at Sea-Tac Airport as the Pacific Northwest recovers from a snow and ice storm that temporarily shut down operations and hundreds of flights, January 20, 2012.
Credit: CNN

Chris Isidore

NEW YORK (CNNMoney) -- The storm and cold weather of the last week will cost the nation's airlines as much as $100 million in lost revenue and increased costs, according to an estimate from a leading airline analyst.

Helane Becker, airline analyst with Cowen and Co., said the weather would cost U.S. airlines between $50 million and $100 million in an estimate released Wednesday. Becker said the weather caused about 20,000 flights cancellations nationwide, which she said is 5,000 more flights than were canceled in due to Superstorm Sandy in 2012.

Becker does not break down the cost per airline, but she noted that JetBlue Airways was hit particularly hard by the storm. The New York-based airline had to virtually halt operations at those airports Monday afternoon into Tuesday after delays in the previous three days caused the airline to run out of pilots able to fly under new FAA rules requiring addition rest for pilots.

Related: JetBlue tries to repair the damage"Going forward we believe the airlines will adopt a more conservative approach during storms," she said. "In the past, they might take a delay; going forward they will outright cancel."

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?