Article author:
Reuters
Air Canada shares will be on Thursday after airlines have adjusted their domestic schedules this summer as North American airlines are working to cancel due to labor shortages, delays and travel rebounds. It decreased by 6%.
Canada's largest airline announced late Wednesday that it would shorten its schedule to reduce passenger flow to manageable levels. Meanwhile, Delta's CEO on Thursday apologized for canceling a flight that disrupted travel plans.
Following the pandemic recession, persistent staff shortages, fewer flights, and surges in demand cast a shadow over the busy weekend of US Independence Day.
Canada and European airports are also working on lost luggage as passengers share photos of left-behind luggage next to their baggage belts on social media. ..
Analysts and some industry executives will not see any significant improvement in the situation until the fall, when travel demand tends to slow.
"The changes launched yesterday will reduce the schedule for July and August by an average of 77 round trips (or 154 flights) per day. Prior to this, Air Canada averaged daily. We operated about 1,000 flights, "said the airline.
The Greater Toronto Area (GTAA), which manages Pearson International Airport, praised Air Canada's decision to reduce flights.
"In making this announcement, Air Canada follows the example of other major airlines around the world who also recognize the need to adjust their schedules," GTAA said.
American Airlines Group, United Airlines Holdings, Delta shares, inflation tamed by the Federal Reserve's decision will hinder global economic growth.
On Monday, the airline canceled more than 700 flights in the United States due to bad weather and staffing restrictions.
Air Canada's small private rival WestJet said it already plans to fly 25% less than in the summer of 2019.
(Report by Nathan Gomez and Alison Becker of Bangalore Montreal; edited by Vinay Dwivedi and Jonathan Oatis)
