Yes, I know that you can buy travel insurance now, but most of those "policies" are a rip-off, designed to collect an extra few bucks and avoid payments.
This is serious. Can we do better to prepare for another week, or month, of interrupted travel? Yes.
- Everyone pays $2 per ticket for insurance.
- If there's an interruption, then the airlines can collect lots of money for passengers from the insurance companies.
- Once service resumes, this money is distributed to passengers who choose between more money and a longer wait to fly or less money and a shorter wait. Airlines can create a "trade" market with their existing software systems.
- It's important to note that airlines can buy additional business interruption insurance. But this insurance makes it easier for customers to cope with the delay.
Bottom Line: We will not be able to stop some problems, but we can lower the damage they do.