well, it is friday before the july 4th holiday weekend and airlines facing
mass cancelations. Hundreds of flights have already been canceled just today.
Thousands more delayed
and airlines and travelers have been struggling with
numerous flight delays because of staffing shortages,
particularly
when it comes to pilots.
So the problem made worse due to surging travel demand
this summer after more than two years of the pandemic.
In addition to the long holiday weekend
and its airlines grapple of finding enough pilots to meet demand,
american airlines may be
sweetening its own offer for its pilots.
At the carrier reportedly offering almost 17% pay increases in new contracts.
The company's proposal to its pilots union coming just after United
Airlines reached a tentative deal with its own pilots union for raises
Of more than 14% over 18 months. So pretty decent deals here.
But elsewhere reports say facebook's parent company met a warning employees
of what Mark Zuckerberg describes as serious times for the company,
noting some fierce headwinds.
While multiple reports,
citing an internal memo saying that the company is
cutting hiring and budgets due to the slowing economy
and preparing for a more severe drop.
Well, for example, trimming plans to hire engineers by at least 30% this year.
And
chief product officer chris cox,
reportedly noting that the company's ad business and
macroeconomic conditions have put pressure on its financials