By trimming schedules airlines could keep fares firm at sky-high levels, an important factor for their bottom lines as costs remain elevated, though bad news for travelers
American Airlines CEO Robert Isom also spoke of a"buffer" after reporting record revenue on Thursday. That carrier has been more aggressive than Delta and United in restoring capacity but said it would fly 90%-92% of its 2019 capacity in the third quarter.
On Wednesday, Delta deposited 10,000 miles into the accounts of SkyMiles members who had flights canceled or delayed more than three hours between May 1 through the first week of July. "The more airlines limit capacity the higher airfare they can charge," said Henry Harteveldt, founder of Atmosphere Research Group and a former airline executive."They're not going to get another bailout," Harteveldt said."They've squandered a lot of their goodwill."Since May 27, the Friday of Memorial Day weekend, 2.2% of flights by U.S.-based carriers were canceled and nearly 22% were delayed, according to flight-tracker FlightAware. That's up from 1.
Airport staffing shortages at big European hubs have similarly led to flight cancellations and capacity limits. London Heathrow officialstold carriers that it needed to limit departing passenger capacity, forcing some airlines to cut flights.
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