False positives are a killer to the airlines - they don't want to risk losing customers to another flight/airline when there will actually be no delay.
To customers, false positives are likely to be a minor issue though, probably the number of true positives will outweigh occasional false positives.
But without a false positive rate near 0, I can't imagine the airlines themselves being too interested in flightcaster's predictions.
There's a few metrics the airlines care about, the most important is leaving the gate on time. But once you're on the plane they can make you sit there for however long it is to sit on the tarmac.
When I was flying constantly for a month, almost all my flights were on time. FlightCaster did predict 2 flights that were to be delayed despite the planes pushing off on time. We just sat on the tarmac, upwards of an hour, before finally taking off.
By the same token, FlightCaster didn't predict the three other flights I was on that was delayed.
Either way, the use case is kind of limited. Even if the prediction is true and given enough warning ahead of time I have no means, and in most cases no need, to switch flights. For business travelers that have the expense accounts to make this work, this is a great tool.
What does this mean? Do the airlines know about the potential delays but are unwilling to tell the public in most cases?
If Flightcaster really does have better tech than the airlines, then their major customers should be the airlines.