Its shares have fallen 23 per cent in three months for the second biggest decline in the Bloomberg Americas Airlines Index. Read more here.
Travellers are back in big numbers as the summer vacation season kicks off. But Toronto’s Pearson International Airport has descended into scenes of long lines and a sea of luggage, and the nation’s largest airline is paying the price.
Travel bottlenecks are a problem globally as airlines and airports struggle to hire and train enough people to handle a wave of passengers who want to fly after two years of COVID restrictions. British Airways last week scrapped another 10,300 flights; Deutsche Lufthansa AG, EasyJet Plc, Delta Air Lines Inc. and other carriers have made similar moves. It’s all leading to a lot of finger-pointing as airlines, airports and governments seek to shift blame.
“It just isn’t that easy to turn things around,” Becker said. “There is a fair amount of new employees, so there’s a learning curve.” She thinks that delays and cancellations could continue until the middle of next year.
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