LAHORE MIRROR (Monitoring Desk)– 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 11am in New York, 1,200 US 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.
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.
“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.
SOURCE: CNBC
