Wednesday, April 23 2014, 09:23 AM MDT
Canceled Flights Cost Big, Tax Refund Spending and Valentines' Day Gift Estimates
(KUTV) The flight tracking service masFlight says winter storms have forced airlines to cancel a whopping 75,000 U.S. flights already this year.
More than 71,000 flights were canceled Thursday alone thanks to a winter storm battering the east coast.
MasFlight says all the cancellations and delays have cost consumers more than 3 billion dollars. That total includes out-of-pocket expenses for hotels and meals, as well as lost productivity associated with the delays.
Analysts estimate airlines have lost more than 200 million dollars in revenue this year due to passengers who didn't rebook after having their flights canceled.
Most Americans plan to save the tax refunds they're expecting this year and not spend the extra cash, that's from a new T.D. Ameritrade survey.
According to the poll, 61 percent of Americans say they'll save or invest their refunds, 21 percent plan to pay off debt, 18 percent will spend the money on necessities, but only 19 percent of those surveyed say they expect to make non-essential purchases with their refunds.
The I.R.S. says the average tax refund was $2,744 last year.
This Valentines' day Americans will spend 17.3 billion dollars on gifts. The average gift will cost about $135 according to the National Retail Federation.
(Copyright 2014 Sinclair Broadcasting Group)