Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Airlines cancel another 1,200 flights as omicron, severe weather continue to snarl travel

by
January 4, 2022
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

The second-half is ‘not looking good’: Strategists on how to weather the market storm

Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

In this article

DAL

UAL

AAL

LUV

Travelers wait in line to check-in for flights at Newark Liberty International Airport (EWR) in Newark, New Jersey, U.S., on Monday, Jan. 3, 2022.
Christopher Occhicone | Bloomberg | Getty Images

Airlines canceled hundreds of additional U.S. flights on Tuesday in the wake of winter storms and as the fast-spreading Covid omicron variant hamstrings crews.

As of 11:00 a.m. in New York, 1,200 U.S. flights were canceled, according to airline data provider FlightAware. Since Christmas Eve, airlines have scrubbed more than 19,000 flights, disrupting holiday plans for tens of thousands of customers during what was expected to be the busiest travel days since the start of the pandemic.

Monday cancellations totaled 3,225 as a winter storm hit the mid-Atlantic after causing a weekend of disruptions in the Midwest. It was the largest daily total since Feb. 15 of last year, when 3,899 flights were canceled, according to FlightAware.

On Tuesday, Southwest Airlines canceled 314 out of its more than 3,600 scheduled flights. The Dallas-based airline faced bad weather that forced it to scale back operations at major airports, including Denver, Chicago and Baltimore. An airline spokeswoman said the carrier was working to get planes and flight crews back in place to resume some of its flights.

JetBlue Airways canceled 107 flights, or 11% of its Tuesday schedule. A spokesman said that the majority of those cancellations were due to schedule cuts it announced last week to help ease staffing constraints as omicron infections sideline flight crews. The New York-based airline is cutting close to 1,300 flights through mid-January.

JetBlue, United, Southwest and others offered crews extra pay to pick up open trips. United pilots’ union and the company agreed to triple pay to fly extra trips through much of January.

Airline investors have shrugged off the disruptions, though. Analysts have forecast a further rebound in travel demand this year, particularly in trans-Atlantic trips that many customers skipped during the pandemic because of a host of travel restrictions aimed at curbing the spread of the virus.

Carriers have struggled to ramp up their networks to match travel demand, facing labor shortfalls and higher costs.

“We believe 2022 will be another year of lumpy results as airlines continue to struggle to add capacity to their networks as demand is likely to remain strong,” Cowen airline analyst Helane Becker wrote in a Tuesday note. “We expect inflationary pressure in fuel and labor cost, as well as high interest costs, to lead to higher ticket prices.”

Major U.S. airlines were trading slightly higher on Tuesday morning for a second straight day. Southwest, American and United were each roughly 1%. Delta was fractionally higher.

ShareTweetPin

Related Posts

The second-half is ‘not looking good’: Strategists on how to weather the market storm

by
July 5, 2022
0

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters...

Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

by
July 5, 2022
0

Bloomberg US Recession Isn’t Goldman’s Base Case, Macro Strategist Says (Bloomberg) -- The base-case expectation isn’t for a recession in...

Stock futures rise after another losing week on Wall Street

by
July 5, 2022
0

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures inched higher in overnight trading after...

European stocks head for higher open as global markets look for gains after rout

by
July 5, 2022
0

LONDON -- European stocks are expected to open higher on Tuesday as global markets look to cement gains after a...

South Korea stocks lead broad gains in Asia; Reserve Bank of Australia hikes rates as expected

by
July 5, 2022
0

SINGAPORE -- Shares in the Asia-Pacific mostly traded higher as investors look ahead to the Reserve Bank of Australia's rate...

Next Post

Question #1 for 2022: How much will the economy grow in 2022?

Question #2 for 2022: Will the remaining jobs lost in 2020 return in 2022, or will job growth be sluggish?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Allbirds stock has plunged 50% in two months, now one top analyst says buy it

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com