For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. However, the pandemic delivered a different outcome: one where the global economy was virtually switched off then switched back on within a short period of time," Roger Jones, head of equities at London & Capital, told CNBC.During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. "The response by most companies as the pandemic hit was to reduce capacity on the expectation for a sustained period of lower growth. In Spain, police are hiring more staff at some of the country's busiest airports and Portugal is also increasing its border control staff.
Other countries are also scrambling to improve the situations are their airports. However, the same airport announced that it will be limiting its volume of passengers this summer, especially to reduce disruptions. It "probably ultimately means paying people more and treating them slightly better," Irving said about the labor issues and strikes.Īt Amsterdam's Schiphol airport, a group of cleaners, baggage handlers and security staff will be paid an additional 5.25 euros ($5.55) per hour this summer, according to Reuters. Hiring new people is also a medium to long-term solution, as in many travel-related jobs there's compulsory training before workers can start their jobs.Īt the same time, many of those who stayed in the sector do not feel sufficiently compensated and have complained about their work conditions. In addition, it's hard to attract new talent right now given changes in the labor market, such as the so-called Great Resignation - when workers chose to quit their jobs, often without another one lined up, in search for a better work-life balance. "Ultimately, we need more staff," Irving said. Many of these workers looked for opportunities elsewhere and have not returned to the sector, while others were pushed into early retirement. Many airlines, airport operators and other companies within the travel sector laid-off workers during the pandemic as their businesses ground to a halt. They simply don't have the staff right now that we would need for a full schedule summer," Alexander Irving, European transport analyst at AB Bernstein, told CNBC's "Squawk Box Europe" last week. "The pace at which passengers have returned to the skies since the springtime has caught airlines a little bit by surprise and airports too. There are several reasons for the travel chaos and they are mostly industry-wide problems, rather than a country- or airline-specific issue. And Ryanair workers in Spain said over the weekend they would be striking for 12 days in July, pushing for better work conditions. British Airways is preparing for a staff strike in the coming weeks as workers demand that a 10% pay cut installed during the pandemic gets reversed. In France in June, a quarter of flights were canceled at the main airport in Paris due to a workers' strike.Īnd more strike-induced disturbance could be on the way. "There will be disruption continuing into the summer whether ATC driven or ground handling or security staff or indeed self-inflicted labour issues from the airlines," he added. as they looked to go away for the July 4 weekend, with more than 12,000 flights delayed and hundreds canceled, though disruptions eased significantly on Monday.Īnd it's unlikely that travel chaos will unwind in the coming months, according to Stephen Furlong, senior industry analyst at wealth manager Davy. Many have also faced travel issues in the U.S. The carrier said it is "absolutely focused on our daily operation" and that it has "taken pre-emptive action to build further resilience for the summer due to the current operating environment." Its chief operating officer, Peter Bellew, resigned Monday after the disruptions.
Meanwhile, low-cost airline easyJet has cut thousands of flights over the summer in an attempt to minimize the risk of disorder. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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