Military

Flight Cancellations Top 7,000

Hurricane Sandy is forcing the cancellation of thousands of flights into and out of the U.S. Northeast amid forecasts for high winds and heavy rain. In New York City, the subway system began to close down Sunday evening at 7 p.m., which affected passengers’ ability to get to and from the airport.

U.S. Airways Group Inc. (NYSE: LCC) is expecting to cancel about 2,000 flights, and American Airlines cancelled 140 flights on Sunday and expects to cancel more than 1,400 more from Monday through Wednesday.

JetBlue Airways Corp. (NASDAQ: JBLU) has cancelled more than 1,000 flights through Wednesday, and Delta Air Lines Co. (NYSE: DAL) cancelled 180 flights on Sunday and expects to cancel hundreds more today.

Because some airlines will move their planes away from the East Coast, more delays are expected once the storm passes.

The costs to the airlines could run into the hundreds of millions of dollars, according to one industry analyst cited at Reuters.

Paul Ausick

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.