Quantifying Monetary Impacts of Forecasts Rick Curtis Southwest Airlines 11/1/12.

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Presentation transcript:

Quantifying Monetary Impacts of Forecasts Rick Curtis Southwest Airlines 11/1/12

[ 2 ] Measuring the Value How do we measure our improvements without any existing benchmarks? What meaningful measurements can be realized that benefit both the “consumer” and “producer” of the information? How can we measure easily available items to get this process started?

[ 3 ] Airline Perspective Airlines are not always able to quantify weather support. – Quantifying weather delays are fairly easy. – Quantifying “avoidable” weather delays are not. Most efforts to quantify benefits are not done to an industry standard. – Fleets are different. – Service areas are different. – Route structures are different. – Schedules are different. Competitive forces may also inhibit sharing of data.

[ 4 ] Airlines already measure and report some of this information Each month carriers report to the DOT: –The number of weather delayed flights per month. –The number of delay minutes due to weather. At Southwest we also internally report delays for: –Gate hold for weather at departure station. –Gate hold for weather en route or at destination station. –Cold soaked fuel frost delay. –Deicing Delays.

[ 5 ] NWS TAF Verification NWS TAF Verification considers: –General Ceiling –Visibility –Flight Category –Weather Type/Obstruction –Wind

[ 6 ] Connecting the Dots How do we compare the two data sets to provide meaningful results? How can en-route forecasts (ie. CCFP) verification results be compared with delay information? How does the information get reported? How many airlines can/will participate? Who performs the analysis? What priority does this have with both the government and industry?

[ 7 ] Going Forward Suggest a one day meeting with interested stakeholders to: –Identify short term and long term goals. –Evaluate barriers (technology, resources, proprietary information issues etc.). –Identify ownership of this effort. –Establish a working committee.