Get ready for airport delays
Air traffic controllers will see furlough days as the FAA absorbs $637 million in budget cuts.
The Federal Aviation Administration must trim $637 million from its budget as part of the sequester cuts, according to The Associated Press. With few options available, officials targeted air traffic controller payrolls and will cut staffing by 10%. Nearly 15,000 controllers will see one furlough day every other week through Sept. 30.
Fewer air traffic controllers will mean fewer planes will be able to move in and out, leading to some airport bottlenecks. The average delay will be about 11 minutes, the FAA said, but some airports could see far longer waits. Travelers could be waiting for up to 210 minutes at Hartsfield-Jackson Atlanta International Airport, which is the world's busiest in terms of passenger numbers and will likely see the worst delays.
Airlines are angry about the hit to their business. A spokeswoman for Airlines for America, an industry trade group, told the AP that airlines are considering suing the government over the furloughs, which they believe are unnecessary.
Here are other airports that could see delays, according to transportation officials:
- Newark Liberty International Airport average delay: 20 minutes. Maximum delay: 51 minutes.
- John F. Kennedy International Airport in New York average delay: 12 minutes. Maximum delay: 50 minutes.
- LaGuardia Airport in New York average delay: 30 minutes. Maximum delay: 80 minutes.
- Los Angeles International Airport average delay: 10 minutes. Maximum delay: 67 minutes.
- O'Hare International Airport in Chicago average delay: 50 minutes. Maximum delay: 132 minutes.
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According to the Bureau of Transportation Statistics, the airlines flew about one trillion passenger miles last year. $500 million of additional airline funding would cost about $1 per 2000 passenger miles. The cost per ticket would be miniscule and they would get the service the airlines say they need.
Sometimes people want to make it a harder problem than they really are.
Notice how Obama has been out of the limelight for a few days? He's been talking to his advisors on the next plan to sitr up "controversy" and scare the American people into thinking we have a crisis that needs immediate attention again.
Trust me, this is the beginning of it. His advisors are going to slowly feed this nonsense to the media over the next several days to start the snowball effect. Round and round we go.
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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