Things Have Changed
Things Have Changed
Why Are Thousands of Flights Being Cancelled Right Now?
Airlines globally have cancelled hundreds of flights, citing labor shortages. They blame COVID-19, uncertainty, and the tight labor market for leading causes for flight cancellations and delays.
The result has been long queues at airports, lost luggage, long layovers, and loads of disappointment.
It’s gotten so BAD that Heathrow airport, historically Europe’s BUSIEST airport, is now telling airlines to STOP SELLING SUMMER tickets
There are multiple reasons fueling the disruptions from bad weather to the economic impact of the war in Ukraine, but labor shortages have been cited as a common reason.
So what is this tight labor market, how is it affecting different industries and how is it fueling straight up chaos in airports globally.
Some Helpful Links:
- US Jobless Claims Were Little Changed Near a 5-Month High
- The potential dark side of a white hot labor market
- ‘Not Giving Up’: Job Data Show Just How Tight US Labor Really Is
- How to Manage the Great Resignation
- The Feds Flawed Plan to Avoid a Recession
- US Layoffs Hiring Freezes Are Tip for Market Slowdown
- Labor Crunch Spurs Revenue Losses, Canceled Projects in Canada
- Why the Rich World is Facing a Hiring Problem
- Are Labor Markets in the Rich World too Tight?
- Evidence for the Great Resignation is on Thin Ground
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