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U.S. airline bosses to be grilled over flight delays and cancellations

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There are no surprise travelers are frustrated with ongoing post-pandemic airport headaches and delays.

With staff shortages, lost luggage, massive queues and high fares, airline passengers have had plenty to complain about this year.

This past May, just 77.2% of flights to U.S. airports arrived on time, that’s down compared to May 2019.

The U.S. Department of Transportation recorded 2,413 complaints against U.S. airlines in May.

Complaints relating to flight cancellations, delays and missed connections more than doubled since before the pandemic.

And it’s only going to get worse.

These numbers don’t yet include the chaotic summer rush which has forced airlines like United, Delta and others to trim their schedules. 

American and United executives will face investors Thursday when they discuss their operations on quarterly earnings calls.

Mishandlings of wheelchairs and scooters across the two periods was similarly steady. While total mishandlings increased by 159 incidents, the percentage of such occurrences was similar, at about 1.53% in May.

The rate and number of mishandled bags as well as wheelchairs and scooters, however, was up from last year.

Read the full report here

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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