Join The Discussion

 

Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

read more >

Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

read more >

Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

read more >

Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

Winter's cost to U.S. air travelers put at $5.3 billion

J. Kyle O'Donnell
(c) 2014, Bloomberg News.
NEW YORK — Severe winter weather cost U.S. airline passengers $5.3 billion in expenses and missed workdays as carriers canceled and delayed trips in the worst period of flight disruption since Sept. 11.

The cost to airlines may be as much as $500 million on increased operating expenses and lost revenue, according to industry data tracker MasFlight. Cancellations from Dec. 1 through Feb. 28 totaled 108,600, almost double the average of previous winters of 57,600.

Snow and ice storms have pummeled a broad swath of the country this winter, disrupting travel plans for more than 90 million people who were sometimes left stranded in cities for days, paying out of their pocket for hotels and meals and lost productivity.

"This will be remembered as one of the worst winter storm periods in aviation history," said Tulinda Larsen, vice president of Bethesda, Md.-based MasFlight, in an interview.

And it's not over. Yet another storm swooped through the mid-Atlantic, which could dump as much as 10 inches (25 centimeters) of snow in Washington. More than 2,200 flights were canceled so far Monday, according to FlightAware.

The storm is the latest in a season that has set many records and shows little sign of ending soon. January racked up more than 49,000 cancellations, as many as the past three Januaries combined, MasFlight said previously. Feb. 13 was the worst day of winter with 7,561 cancellations, topping the 7,400 on Oct. 29, 2012, that resulted from Hurricane Sandy.

The flight cancellation rate this winter of 5.5 percent exceeded the last severe winter period of 2010-2011 of 4.3 percent, MasFlight said in a release Monday. The total cost to passengers this winter compares with a typical winter average of $2.9 billion and an average over the two previous winters of $1.5 billion.

The storms affected the country's biggest airline hubs, including airports in Chicago, Atlanta, and the busiest airspace in the United States, the New York-New Jersey region, resulting in about $4.5 million in costs for airports, MasFlight said.

United Continental Holdings, American Airlines, US Airways Group and JetBlue Airways topped the list of cancellation rates during the period, MasFlight said.

United, the world's second-largest airline, was the first airline to detail how the storms will affect its finances. It said last week that revenue for each seat flown a mile will decline this quarter because the winter storms caused more than 22,500 flights to be canceled.

New operational regulations since the winter of 2009-2010 have also had a "profound impact" on flight completions and passengers, MasFlight said.

The Tarmac Rule, which became effective in April 2010 for domestic flights, limits the time an aircraft can spend taxiing, leading airlines to cancel flights to avoid fines of as much as $27,500. Deicing an aircraft can take as long as 45 minutes which can lead to violations of the delay rule, MasFlight said.

"With limited gate capacity available, airlines continue to cancel flights to best utilize available deicing and runway capacity," MasFlight said in its release.

Another rule took effect Jan. 4 and limits pilots' work hours.

"When the cusp of a significant adjustment like this coincides with serial bad weather across the country and a heavy holiday traffic period, it would be unrealistic to expect good things to happen," said Bob Mann, a former American Airlines executive who is now president of aviation consultant R.W. Mann & Co. in Port Washington, N.Y., in an emailed response to questions. "And they didn't, and in some cases didn't for days."

The harsh weather across the East Coast and Midwest created a ripple effect that reached California as airlines' schedules, crews and aircraft logistics changed, Mann said.

"No place is immune to disruption, even if it seems remote to an actual weather event and disturbance," he said.

— With assistance from Brian K. Sullivan in Boston.

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?