The airline industry plotted a course for recovery in 2021, but recent difficulties may have put that plan into a holding pattern.
While major airlines checked in with improving financial results for the second quarter, both they and smaller carriers have seen a number of complications. Technical issues, the latest storm season, and staffing issues have led to thousands of cancellations in recent weeks.1,2
How will the airline industry meet the world’s voracious demand for fast and reliable air travel? While it’s possible that staffing issues may only be temporary in light of recent Delta variant surges, could these workers be looking for other, less public employment opportunities?
However, this might affect you as you travel for work or pleasure this summer and beyond, know that I remain your personal air traffic controller in the high-flying financial world. I look forward to discussing these matters and more with you when the opportunity arises.
1. CNBC.com, August 10, 2021
2. AviationWeek.com, August 10, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Will Air Travel Problems Persist?
September 11, 2021