From the results of stress analysis between two transverse cracks in cross-ply laminate [1], a model for the stiffness reduction based on generalized plane strain assumptions has been developed. Simple analytical expressions are obtained for the longitudinal modulus and the Poisson's ratio as a function of the transverse crack density. Apart from the crack density, these expressions depend only on the elastic and geometrical properties of constituent laminae and the average crack opening displacement (ACOD) normalized in the proper way. Calculations of the ACOD are performed and analyzed with the FEM and analytical models used for the stress analysis in [1]. The predicting capabilities of approximate models are discussed in comparison with experimental data and FEM results. In order to predict the stiffness degradation for a wide variety of laminates, a simple procedure requiring only one FEM calculation for some “average laminate” with “average crack spacing” is proposed and has been proved effective.