Airlines cancel more than 1,000 flights due to the winter storm and waive change fees


From Leslie Josephs:

  • Airlines cancel more than 1,000 flights due to the storm.
  • The winter storm is bringing snow, sleet and heavy rains from the Midwest to the East.
  • Airlines waive date-change and cancellation fees for travelers affected by the storm.

A winter storm bringing a mix of snow, sleet and heavy rain from the Midwest to the East Coast grounded more than 1,000 flights Tuesday.

New York’s LaGuardia Airport was the most affected with more than 470 flights scheduled to fly in and out of the airport called off, or about 40 percent of the day’s schedule, according to flight-tracking site FlightAware. More than 800 flights were canceled at Toronto’s Pearson International Airport, Chicago’s O’Hare and John F. Kennedy International Airport in New York.

American Airlines said it would waive fees to change dates tickets to or from 32 airports across the Northeast and in southern Canada if customers can fly a different date through Saturday. Delta Air LinesUnited Airlines and JetBlue Airways issued similar waivers. Southwest Airlines doesn’t charge fees for changing travel dates but said it would waive fare-difference charges for travelers affected by the storm.

Tuesday’s flight disruptions come after a snowstorm canceled hundreds of flights in Seattle during the weekend.

The U.S. Global Jets ETF (JETS) was trading at $31.57 per share on Tuesday morning, up $0.26 (+0.83%). Year-to-date, JETS has declined -3.04%, versus a 3.00% rise in the benchmark S&P 500 index during the same period.

JETS currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #23 of 33 ETFs in the Industrials Equities ETFs category.

This article is brought to you courtesy of CNBC.