Airline cancellations have been on the rise since 2001, with over 12 million people in 2016 booked as a result of an airline flight being canceled. This phenomenon is taking its toll on both travelers and airlines alike. The industry has attempted to fix this issue by offering more incentives for loyalty members but has faced some setbacks due to fierce competition which can lead to higher prices.
The “international flights cancelled today” is a recent story that has been making headlines. The number of airline cancellations continues to rise, but so do the number of fliers and stock prices.
The last day of the Christmas/New Year’s holiday season, Sunday, January 2, was set to be a critical day for the airlines, a litmus test of sorts to see how busy the last day of the holiday season would be and whether there was any end in sight to the industry’s unprecedented delays and cancellations.
We received our replies this morning.
According to CNBC, despite the Omicron and weather-related concerns, flyers are still flying and airline stock prices are up in early trade on Monday.
As of Noon today, another 2,100 flights have been canceled, increasing the total number of aircraft cancellations in the United States to more over 13,000 since the troubles started on December 23. CNBC derived these figures from FlightAware, a flight-tracking service.
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However, the first concrete evidence that the issues are evaporating have begun to surface. Now that the holidays are past, the number of passengers is anticipated to drop. So far, just 250 flights have been canceled for Tuesday, January 4.
We should also begin to witness the effects of the Centers for Disease Control and Prevention’s decision on December 27 to lower the quarantine period from ten to five days, implying that carriers will begin to get some of their staff back.
Despite the rapid spread of Omicron cases, which has further depleted airline staffs; despite some people’s reluctance to travel due to this new variant of COVID-19; and despite winter weather issues in the west, Midwest, and, today, the mid-Atlantic, people are still getting on planes and airlines are still getting people from point A to point B.
On Sunday, 2,023,309 travelers were processed through checkpoints at U.S. airports, according to the Transportation Security Administration (TSA). That’s 92 percent of the capacity that traveled on the same day in 2019 and about 84 percent of the number of individuals that boarded an aircraft on January 3, 2020, roughly 7 weeks before the pandemic began.
The 2,203,309 passengers processed by the TSA mark the fifth time in the previous eight days that the agency has processed 2 million or more passengers in a single day, and the 12th time in the last 18 days.
Furthermore, airline stock prices rose this morning in early trade. According to CNBC, American and United’s stock prices were up more than 4%, while Delta and Alaska’s stock prices were up 3% apiece.
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The “are flights being cancelled due to covid” is a problem that has been present for a while. Airlines have been cancelling flights because of the current climate, but so are number of fliers and stock prices.
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