We are looking at more and more travel cancelations as the new Omicron Variant surges through the United States. But are these air travel disruptions a sign of what’s to come? Maybe believes Kaultbaum. During the time between Thanksgiving and New Year’s Eve, travel is always at its highest. However, this recent delay has put a significant dent in people’s plans as some have been canceled for over 4 days.
Crews have been calling in sick, and due to already short staffing problems, all significant airlines reported cancelations across the board. ABC says that Airlines encouraged workers to quit during the slowdown in 2020 but now are not ready to handle the amount of increase in travel.
“During the pandemic, we have seen experienced airline personnel leave the industry and not return across the globe,” said John Grant, senior analyst at travel industry research firm OAG. “Filling those skill gaps was already a challenge in the recovery before the latest variant.”
Industries are asking for new guidance from the CDC, who over the weekend released a statement reducing the time needed for quarantine by half to 5 days. But this may not be enough to keep lines moving as people are calling out for just coming into contact with someone with a cough.
[Source ABC Illinois]
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
More Money Talk 1010 Highlights From This Week