The Real Cost of Flight Delays
Thursday, August 7th, 2008Flight delays are not just annoying for passengers but they are draining the pockets of everyone around. Just last year, the delays of the nation’s airlines are believed to have cost around $41 billion when you take into account the passengers, airlines and businesses (this is according to a congressional study). They also pay for an additional 5% of fuel because of delayed flights - at today’s prices it is probably one of the main reasons so many airlines are in trouble.
The costs include an increase in operating costs for the airlines. They companies are often forced to offer some compensation for delayed passengers. Even delays that are completely out of the airlines hands often forces them to pay for overtime for employees and other unexpected necessities.
Passengers also take a hefty hit in the wallet from flight delays. There is the need to purchase meals, get temporary lodging or other unwanted expenses. The costs to the passengers as reported did not even take into account the canceled flights or missed connections.
Non-airline businesses suffered the least financial damage, but they did not walk away unscathed. Passengers miss out on part of their vacation time because they are stuck in the airport. Any time they aren’t at their destination then the businesses don’t have a chance to compete for their dollars.
The reason behind delays seems to have no scientific logic, but they do seem to be an expected part of any flight travel plans you might have today. If the airlines would spend more time working out the delays instead of trying to charge passengers for every thing imaginable (from check in luggage to particular seating) then people might be willing to spend a little more for the “privilege” of flying to their destination.
The thought of $41 billion being flushed away should make everyone stand up and pay attention.