Airline Losses May Top $600 Million on Cancellations

Airlines may be headed for more than $600 million in weather-related losses as U.S. winter storms trigger the most flight cancellations since the government began tracking the data in 1987.

Almost 20,000 flights were scrubbed last week alone as snow blanketed U.S. airports such as Chicago’s O’Hare, a hub for United Continental Holdings Inc. and American Airlines, according to researchers FlightStats and FlightAware.com. Since Nov. 1, the total is 89,884, the firms’ tallies show.