24 Hrs
Source:
اقتصاد
Undisclosed Factors in Flight Delays
The report highlights how flight delays across Europe, totaling 30.4 million minutes in summer 2024, lead to significant economic costs amounting to $20.2 billion for airlines and stakeholders. This impacts more than 1.1 billion passengers and 7.3 million delayed flights directly. While the direct costs of delays are measured in millions of dollars, economic benefits also emerge from increased revenues for restaurants, shops, and airport services as waiting times extend, with retail and food & beverage sales increasing by up to 6-8% as wait times rise by 10%. Additionally, the growing demand for data and information about flight statuses creates a huge market for companies that track flights and sell data, reflecting an increasing commercial value of time spent waiting. However, excessive delays also harm the quality of the travel experience and passenger satisfaction, negatively affecting the future of travel activity and revenues.
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