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  4. Air Canada shares fall after carrier cuts domestic flight schedule
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Air Canada shares fall after carrier cuts domestic flight schedule

(Reuters) - Shares of Air Canada fell 7% on Thursday, a day after the carrier trimmed its domestic flight schedule for the next two months as North American airlines struggle with...
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Air Canada shares fall after carrier cuts domestic flight schedule © Reuters. An Air Canada plane is seen in the air after departing from Pearson International Airport in Toronto, Ontario, Canada May 16, 2022. REUTERS/Carlos Osorio

(Reuters) - Shares of Air Canada fell 7% on Thursday, a day after the carrier trimmed its domestic flight schedule for the next two months as North American airlines struggle with worker and aircraft shortages amid strong travel demand.

The Canadian company said in a statement late on Wednesday that it would cut its flight schedule to reduce passenger flows to manageable levels.

"With the changes started yesterday we are reducing our schedule, on average, by 77 round trips (or 154 flights) per day in total for July and August. Prior to this, Air Canada operated on average about 1,000 flights a day," the airline said.

Persistent staffing shortages, fewer flights and booming demand have cast a shadow on the busy July Fourth holiday weekend and the entire summer travel season.

Analysts and some industry executives don't see a meaningful improvement in conditions before fall, when travel demand tends to slow down.

Shares of American Airlines (NASDAQ:AAL) Group Inc, Delta Air Lines (NYSE:DAL), and United Airlines Holdings (NASDAQ:UAL) Inc were also down between 4% and 6%, amid a fall in broader U.S. markets on worries that the central bank's determination to tame inflation would hamper global economic growth. [.N]

Airlines on Monday canceled over 700 flights in the United States, after adverse weather conditions, staffing shortages restricted operations.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

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Indicators:

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Sell (6)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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Sell (1)

AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

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USD/CAD

1.3543

+0.0006 (+0.04%)

Summary

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EUR/JPY

163.37

+0.12 (+0.07%)

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Moving Avg:

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EUR/CHF

0.9738

+0.0010 (+0.10%)

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Gold Futures

2,254.80

42.10 (1.90%)

Summary

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Moving Avg:

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

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US Coffee C Futures

188.53

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Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

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S&P 500

5,254.35

+5.86 (+0.11%)

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18,504.51

+27.42 (+0.15%)

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FTSE 100

7,952.62

+20.64 (+0.26%)

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Hang Seng

16,541.42

0.00 (0.00%)

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Neutral

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Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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Neutral

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IBEX 35

11,074.60

-36.70 (-0.33%)

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Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

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Bayer AG NA

28.43

+0.01 (+0.04%)

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Buy

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Allianz SE VNA O.N.

277.80

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Adidas AG

207.00

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7.281

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176.96

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14.582

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
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Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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