Americans hoping for European vacations this summer should prepare for one thing: chaos

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Thousands of flights have been cancelled and recent travelers have queued for many hours at airports across Europe.

He said that on top of the labor market shortages, inflation is also an issue."Cost inflation, especially fuel and wages, is aggravating the situation and making it a really difficult operating environment, which is weighing on profitability," he said via email.

Many airlines, airport operators and other companies within the travel sector laid-off workers during the pandemic as their businesses ground to a halt.

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Category: Economy

Topics: Articles Ryanair Holdings PLC London Europe Politics Labor policy Economy STOXX 600 World Economy Source:tagname:CNBC Europe Source Europe News Air travel Politics Tourism Easyjet PLC Air France KLM SA Markets Travel Business Travel COVID-19 Europe Economy Cnbc United States Personnel Spain Coronavirus CNBC Travel Employment costs EU

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Article Type: News Report

Published On: 2022-07-04, 07:28:39

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 6 minutes read

Article Length: 1037 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 28142

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