
Staff shortages following the coronavirus pandemic have left American Airlines struggling to meet the increased demand for travel. In recent days alone, the company has been forced to cancel over 2,000 flights, reports The Wall Street Journal.
At the same time, the stock rose just over 2 percent on the New York Stock Exchange.
Over the past weekend, American Airlines canceled over 1,900 flights and the problems will increase on Monday.
The Wall Street Journal reports that by 4 p.m., Swedish time, the airline had been forced to cancel another 340 flights, which corresponds to 6 percent of American Airlines' departures during the day.
The company states that staff shortages and poor weather conditions, such as strong winds in the Dallas area where the airline is based, are the reason for the cancellation of flights.
However, the flight chaos is not creating any turbulence in the stock, which is up 2.5 percent at 8:30 p.m.
There is also high travel pressure in Sweden. When the autumn holidays began on Monday, long queues arose, causing some travelers to miss their flights, reports Aftonbladet.
On the Stockholm Stock Exchange, the SAS SAS +7.33% up 7.3 percent on Monday. At the same time, SAS plans to expand its operations with staffing agencies, and avoid rules on rehiring pilots who were laid off during the pandemic, which has led to union protests.
On Friday, the company's actions were raised in parliament, which You reported on. The Swedish and Danish states are the airline's two largest owners.
Source: DI.SE







