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Airlines cancel thousands of flights due to storm

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    New York airports still closed

  • Duration 2:38
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The great storm of 2012 battered the East Coast but its impact has reached around the globe.

As people are still not able to fly into many parts of the region jetBlue Airways sent us these photos of flooding at LaGuardia Airport.

The airlines have now canceled some 161000.

-- heights as a result of the storm.

All the major airports in New York City area are still close although state officials say they hope to partially reopened JFK.

Probably for international flights tomorrow and and there were significant delays today as the storm continue to produce strong winds further west.

Flights arriving -- -- -- -- O'Hare reported average delays of nearly three hours so it was a good day.

Gerri Willis from Fox Business is with us this -- turned into a real mess for the airlines and maybe down the -- the economy.

-- you bet well let me update you on a number of flights canceled 181100.

As the latest number we've gotten there it's a whole lot.

And it and it makes Irene look like nothing and you know 101000 flights canceled that.

It costs delta for example fifteen million a -- -- -- so that gives you an idea what the airlines are going to be looking at down the road with this storm.

And we don't even though Winslet ward differences and -- still has water out there we're getting our first estimates on how much this could hurt the economy it's not clear that.

That it it is one thing is perfectly clear the impact will be substantial.

Yeah I here's what I think we're looking at a 12 punch.

First of all we have people stay at home from work not getting paychecks.

We have businesses that are operating here in New York City which is typically a four billion dollar a -- economy.

Could -- a -- off of national GDP.

But then we have always federal dollars come -- longer term we'll see some kind of benefit from -- but it's gonna take a while for it to pay too that play out.

Twenty million dollars the cost of the storm construction.

Workers and on and on there may be a dip in unemployment as a result of this the markets were closed today for second day.

That sounds like they're gonna try tomorrow has no power downtown I don't know how -- gonna do it.

Yeah that's going to be dealt with over the -- stock my market's opening up tomorrow SEC former chairman Harvey -- telling me tonight.

They -- -- expense selling pressure tomorrow lots of volume as people try to get trades done.

I remember the last time that the exchange was closed for trading for weather.

18883.

Got to go back awaits you see something like this.

Well downtown as mentioned there's no power there's no cell service they're no restaurants there's no water because the water is electric in this city right.

There's no transportation.

There's nothing.

It's going to be back up Arthur Levitt and other former SEC chairman criticizing NIC for not having a backup plan Nike says yes we do -- is apparently what they're going to be putting in place tomorrow we'll -- Gerri Willis good well thank you.

Hospital here in New York -- -- of.

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