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 * Aerospace & Defense


US AIRLINE CANCELLATION RATE REMAINS LOW DESPITE RECORD SUMMER TRAVEL

By David Shepardson
August 29, 20249:51 AM PDTUpdated 19 hours ago
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Passengers navigate the security checkpoint before their flights at
Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. June
28, 2022. REUTERS/Elijah Nouvelage/File Photo Purchase Licensing Rights, opens
new tab
WASHINGTON, Aug 29 (Reuters) - U.S. airlines have canceled 1.6% of all flights
this year despite record summer travel and significant disruptions in July
sparked by cybersecurity firm CrowdStrike (CRWD.O), opens new tab, the
Transportation Department said on Thursday.
USDOT said the cancellation rate through Tuesday this year is slightly above the
1.5% cancel rate for 2023 but lower than any other year since 2017 when it was
1.4%.
The Transportation Security Administration said last week that U.S. summer
travel has set a new record and is forecasting record passenger levels for the
Labor Day travel period that marks the end of the summer season.
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The TSA is forecasting it will screen 17 million air travelers between Thursday
and Sept. 4, up 8.5% over the same holiday period last year. Airlines for
America, a trade group, said carriers plan to have 3.3% more seats departing
U.S. airports through Monday over 2023.
FlightAware and the airline group said carriers canceled less than 100 flights
on Thursday -- or less than 0.5% of flights, but the Federal Aviation
Administration warned afternoon weather may cause delays at some airports.
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The TSA screened 3.01 million airline passengers on July 7, the highest number
ever on a single day and the first time it surpassed 3 million.
The software update last month by global cybersecurity firm CrowdStrike
triggered system problems for Microsoft customers, including many airlines, and
led to thousands of flight cancellations.
Delta Air Lines (DAL.N), opens new tab canceled about 7,000 flights over five
days, affecting 1.3 million customers and taking much longer than other carriers
to recover.

The FAA is still working to address a persistent shortage of air traffic
controllers.
In June, the FAA said it was again extending cuts to minimum flight requirements
at congested New York City-area airports through October 2025, citing air
traffic controller staffing shortages. Last month, the FAA required 12 air
traffic controllers in New York to relocate to Philadelphia for up to two years
to shift some New Jersey airspace responsibility.


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Reporting by David Shepardson; editing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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BUSINESS


 * FUTURES GAIN AHEAD OF INFLATION DATA AS FED'S SEPTEMBER MEETING LOOMS
   
   category · August 30, 2024 · 4:33 AM PDT · 24 min ago
   
   U.S. stock index futures edged up on Friday ahead of a crucial inflation
   report that could influence investor expectations about the extent of the
   central bank's interest-rate cuts this year.

 * TechnologycategoryDell shares jump as AI server demand boosts results,
   forecasts4:30 AM PDT · Updated 27 min ago
 * categoryOil prices face pressure from slow China demand and inventory rise -
   Reuters poll4:13 AM PDT · Updated 43 min ago
 * categoryCountry Garden delays 2023 annual results again4:11 AM PDT · Updated
   an hour ago
 * categoryU.S. home prices forecast to rise modestly as Fed cuts rates -
   Reuters poll4:09 AM PDT · Updated an hour ago




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