1. Home
  2. Discover
  3. Business
  4. Market Loop
  5. Brits set for summer of air travel chaos

Brits set for summer of air travel chaos

View this email in your browser
4th July 2022

Bite-sized business news from the UK and beyond
Good morning Would you sign up to a 50 year mortgage…with the rest of your family? Intergenerational, half century loans are reportedly one of the ideas the government is considering to fix the housing crisis. The scheme, already popular in Japan, would see people buying a home with little or no expectation of completing mortgage repayments during their lifetime. Instead the property and outstanding debt would be passed on to their children.
Today's stories
  • Brits set for summer of travel chaos 
  • US stock markets suffers worst start to the year in over 50 years
TRAVEL
Brits set for summer of travel chaos 

What happened?
Travel chaos is expected across airports in UK and Europe this summer as a surge in passengers for the peak holiday season poses a major test for the aviation industry after two years of pandemic disruption. 

For the first summer holiday since 2019 Covid restrictions have largely been lifted
But unfortunately for Brits eager to travel abroad, the industry is struggling to cope with the demand with reports of long queues at airports and last-minute flight cancellations.

Even though passenger numbers are still 14% below pre-Covid levels, airlines have not been handling the volume well.

This week a round of flight cancellations are expected as a government grace period, that allows airlines to change schedules without facing a potential penalty, comes to an end this Friday.

It’s hoped this will mean less last-minute cancellations and more certainty for travellers.

How did we get here?
Labour shortages have a lot do with the current situation. During the pandemic the aviation industry lost thousands of workers as companies downsized or they left the sector completely. Many of those workers haven’t come back, leaving a chasm between resurgent demand and the employees available to meet it. It’s estimated that the industry is 20-30% below the pre-pandemic staffing level.

Industrial action is also spreading as workers demand better conditions and increased pay to keep up with soaring inflation. Ryanair, easyJet and British Airways staff have all voted for strikes that will affect flights across the continent.

On top of that, Covid is still around and the recent uptick in cases has led to an increase in staff absences.

The government has faced criticism for not doing enough to support the industry  
In response it’s announced a 22-point plan to address the chaos. Measures include helping to recruit and train staff, ensuring the delivery of a realistic schedule and speeding up security checks for new workers. But it’s likely that these actions will take time to work through meaning that travel disruption will continue long into the summer.
Other stories to keep you in the loop
STOCK MARKET
US stock markets suffers worst start to the year in over 50 years
What happened?
The US stock market just put up the worse first-half performance since 1970. The S&P 500 index lost almost 21% in the first six months of the year.

The S&P is officially in a bear market, defined as when an index falls more that 20% from its most recent peak. The other major US index, the Nasdaq, is having an even worse time dropping more that 30% since peaking in November. 

Weighing down the indices have been big name tech stocks which have had a torrid 2022. Netflix is down 71%, Meta -52%, Amazon -38% and Apple -25%. 

The UK market, in comparison, has fared much better in part due to the lack of tech firms. The FTSE 100 lost just 5% in the first six months.

How did we get here?
Investors have been rattled by the US central bank’s efforts to cool down the economy by raising interest rates to counter soaring inflation. The war in Ukraine has also added to geopolitical uncertainty and investor concerns over a global economic downturn.

Looking ahead: Fortunately past performance isn’t necessarily an indicator of future performance. Back in 1970, when the S&P lost 21% in the first half and there was also a period of high inflation, it bounced back to gain 27% during the last six months of that year.
Stat of the day

In the first three months of 2022 Brits saved £4.5bn compared to the peak of £75.5bn during 2020's first Covid lockdown
Interesting links from around the web
Forward to Friend Forward to Friend
Not a subscriber? Join free
Twitter
Sent this by a friend? Sign up here
How did you like today's email?
Get in touch with any feedback or even just to say hi
hello@marketloop.co

Copyright © 2022 Market Loop, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
 






This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
Market Loop · 16 Great Chapel St · London, London W1F 8FL · United Kingdom

Email Marketing Powered by Mailchimp

Older messages

Royal Family spending reaches new record

Friday, July 1, 2022

.... and British Gen Z fintech app reaches $500m valuation View this email in your browser 1st July 2022 Bite-sized business news from the UK and beyond Good morning Can you believe it, we're

Tesco faces off with Heinz over pricing row

Thursday, June 30, 2022

.... and Record fine for accounting giant after staff caught cheating View this email in your browser 30th June 2022 Bite-sized business news from the UK and beyond Good morning This week Airbnb

Lottery sales take a hit as Brits cut back spending

Wednesday, June 29, 2022

.... and Boots owner scraps sale plan View this email in your browser 29th June 2022 Bite-sized business news from the UK and beyond Good morning Britain is getting greyer. New census figures for

London fintech CEO under investigation over taxes

Tuesday, June 28, 2022

.... and G7 pledge $600bn to counter Chinese influence View this email in your browser 28th June 2022 Bite-sized business news from the UK and beyond Good morning Last week The Economist's

UK consumer confidence hits record low

Monday, June 27, 2022

.... and Corporate America reacts to Supreme Court ruling View this email in your browser 27th June 2022 Bite-sized business news from the UK and beyond Good morning Wimbledon begins today with a

Sprout's Snackable TikTok Webinar

Thursday, August 18, 2022

Unlock your brand's TikTok potential in 30 minutes‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[Crew Review] Amazon raises FBA fees ahead of the holidays

Thursday, August 18, 2022

Queries Amazon announced a “holiday peak fulfillment fee” for the upcoming holiday shopping season. This will directly affect third-party marketplace sellers across the months of October 2022 to

Quick request...

Thursday, August 18, 2022

(it only takes 2 minutes 🙌) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

21 Examples of Successful Co-Branding Partnerships (And Why They're So Effective)

Thursday, August 18, 2022

Need inspiration for your next brand partnership? Check out these examples of great co-branding partnerships and what makes them so good. HubSpot Marketing Blog Aug. 18, 2022 21 Examples of Successful

The Latest from SaaStr: 10 Things That Always Work in SaaS Marketing

Thursday, August 18, 2022

Plus, the latest from SaaStr To view this email as a web page, click here saastr daily THE LATEST FROM SAASTR 10 Things That Always Work in SaaS Marketing 10 Things That Always Work in SaaS Marketing

🦅 Welcome to Twitter Daily & assignment #1

Thursday, August 18, 2022

Hey Reader, Welcome to Twitter Daily 2.0 Everyday for the next 90 days, you will get a twitter task. Open the email, click once and you're done. This 3 min task will give you unimaginable returns

The Most-Feared Lions of All

Thursday, August 18, 2022

The "Man-Eaters of Njombe" are estimated to have killed 1500 people during their rampages. They were so feared that while locals knew about them, they wouldn't even mention their name.

Budget or Bust

Thursday, August 18, 2022

Don't worry – these ad strategies have your dollars spent wisely. PLUS your daily dose of pets. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

✨ Awakening ✨

Thursday, August 18, 2022

A sneak peek of my upcoming projects + deep thoughts on transformation, karmic trauma, and the loss of common sense... View email in your browser Me for the past few months. Hi Friend- I've been in

The Scientist Who Saved Ketchup, a Boat Climbing Walrus and Why Some People Are Left Handed | Non-Obvious Insights #334

Thursday, August 18, 2022

The most interesting and non-obvious stories of the week. Dear Newsletterest, I am in the emerging city of Cincinnati this week moving my son into his college dorm and writing about business lessons