Domestic flight delays cost passengers $16.7 billion a year in lost productivity, according to a new report commissioned by the FAA, while the impact on the broader U.S. economy totals nearly $33 billion a year. Airlines alone lose $8.3 billion annually as a result of delays, the study found. The Air Transport Association says the numbers prove the need for updating the nation's air traffic control system and other infrastructure components. "If we do not accelerate the modernization of our system, we will see more delays, more costs and more negative impact on the U.S. economy -- and that is unacceptable," noted James May, ATA president and CEO.
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