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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on June 16, 2022

    Featured image for article about Top Stories

    AMSTERDAM (Reuters) – Amsterdam’s Schiphol Airport is set to cut the number of flights that it will be able to handle during the summer travel season in light of continuing labour shortages, De Telegraaf newspaper reported on Thursday.

    A spokesperson for the airport could not confirm the Telegraaf report, which cited political and industry sources.

    “We are still in consultation with all the airlines and tour operators to see what details we can share about cancelling flights or fewer travellers at the airport,” this summer, Dennis Muller said, adding the airport was expected to issue an update on Friday morning.

    “For now there is no news.”

    Airports around Europe have suffered from labour and logistics issues as passenger travel surged following the end of COVID-19 lockdowns. Airlines including Lufthansa and easyJet have already announced plans to reduce flights this summer.

    A spokesperson for KLM, the Dutch arm of Air France-KLM, said KLM would not comment until Schiphol discloses its plan.

    Travel at Schiphol, one of Europe’s busiest airports, has been disrupted frequently since April due to shortages of security workers and baggage handlers. Hundreds of flights have been cancelled, and long lines have become routine.

    In May, the airport said it was trying to push some traffic to regional airports and was considering a forced flight schedule reduction as a “last resort”.

    Germany’s Lufthansa intends to cancel 900 domestic and European flights at its hubs in Frankfurt and Munich in July, on Fridays, Saturdays and Sundays, 5% of capacity. Its budget carrier Eurowings is dropping hundreds of flights for the same period.

    EasyJet in Germany will drop around 12 flights per day to and from Berlin airport – a total of 1,000 – from June 1 to Aug. 31.

    Air France-KLM’s budget subsidiary Transavia has said it will reduce its summer schedule by around 500 flights due to its own labour shortages.

    (Reporting by Toby Sterling. Additional reporting by Klaus Lauer in Berlin; editing by David Evans)

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