Charlotte, North Carolina, has the most cancellations – at 120 – as industry experts say other sectors might also feel effects
US airlines again canceled more than 1,000 flights on Saturday, the second day of the Federal Aviation Administration’s order to reduce air traffic because of the government shutdown.
So far, the slowdown at many of the nation’s busiest airports hasn’t caused widespread disruptions. But it has deepened the impact felt by what is now the nation’s longest federal shutdown.
Analysts warn that the upheaval will intensify and be felt far beyond air travel if the cancellations pick up and move closer to the Thanksgiving holiday.
Finally, some benefits for all of us. How many CO2 is not getting blown into the air!
I guess. Global air travel contributes about 2.5% of total CO2 emissions. This is 10% reduction of US aircraft, so multiply whatever percentage that is of global to the other two and that’s how much less there is. It doesn’t include any adjustments, like more car travel.
Won’t make much of a dent in things like the increase of power use emissions thanks to AI.
Well, you can keep going with this and attempt to estimate what a more general economic collapse does to demand for natural resource extraction, international logistics (trade) off all kinds.
The US is currently uh, starting to roll down the steeper part of the valley into Great Depression 2.0, and when the AI bubble pops, our financial markets will implode, intensifying the ongoing financial / shadow banking panic.
The US financial/monetary system just is massively interconnected to the rest of the world, and that blowing up, along with a US consumer demand collapse… that’ll have a massive impact on the whole planet.
The Fed has already lost control of the ability to actually set the bond market rates.
In the last week or two, we’ve seen massive panic in repo markets as banks are in a liquidity / collateral quality panic, scrambling for actual liquid cash, which has driven US bond yields outside of the min max target channel the Fed sets to peg US bond yields to.
Yeah. You read me right.
The Fed is losing control of its ability to actually move the bond market rates, for its announced rate cuts or raises to… actually do that, to actually work.
If you have any pension or retirement fund, any amount of just cash in a bank account over the FDIC threshold of 250k? You should probably look into all that, but its also probably already too late to meaningfully… do anything about it, other than buckle up.
The USD as world reserve currency is dying, US Bonds are no longer seen as risk free assets, and that is causing a lot of chaos that is not being widely reported on outside of finance wonk outlets or like youtubers with a bloomberg terminal that just do daily updates on this stuff.
You are more the “the Glas is half empty” kinda person, aren’t you?
the best kind of person, as long as they don’t also torture animals or rape children
The glass contents are at the halfway mark, and we’re being told it’s full. Call it pessimism, call it realism, whatever.
The kicker is, what is in the glass is also diluted. Yes, I’m fun at parties.
If you’re not fun here, it’s only because we’re stuck at a shitty party.
To be fair iirc about 3000 more people died in car accidents the months following 9/11 due to the increase in driving instead of flying.
Rental cars are sold out to compensate
… I have bad news for you regarding Hertz, Carmax, Carvama, the state of US Road Infrastructure, the entire US auto industry/market in general.