A supercharged rebound in bookings as COVID-19 travel restrictions ease has overwhelmed even the largest and most established names in aviation
$SIA (C6L.SG)$
Passengers are suffering some of the biggest disruptions to travel as the understaffed aviation industry struggles to cope with a resurgence in demand, schedules show.
Air New Zealand $Air New Zealand Ltd (AIZ.AU)$ , Sydney-based Qantas $Qantas Airways Ltd (QAN.AU)$ and Deutsche Lufthansa $Deutsche Lufthansa AG Sponsored ADR (DLAKY.US)$ , Europe’s biggest airline, rounded out the five that canceled flights most often in the period. Singapore Airlines Ltd. had the best record, scrapping just 0.1% of planned services.
Passengers are suffering some of the biggest disruptions to travel as the understaffed aviation industry struggles to cope with a resurgence in demand, schedules show.
Air New Zealand $Air New Zealand Ltd (AIZ.AU)$ , Sydney-based Qantas $Qantas Airways Ltd (QAN.AU)$ and Deutsche Lufthansa $Deutsche Lufthansa AG Sponsored ADR (DLAKY.US)$ , Europe’s biggest airline, rounded out the five that canceled flights most often in the period. Singapore Airlines Ltd. had the best record, scrapping just 0.1% of planned services.
A supercharged rebound in bookings as COVID-19 travel restrictions ease has overwhelmed even the largest and most established names in aviation. After laying off tens of thousands of pilots, flight crew, baggage handlers and security staff during the pandemic, the industry can’t hire fast enough to keep up. Analysts say it may be months before normal levels of service return.
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