Why Air Travel Is a Hot Mess Right Now

Why Air Travel Is a Hot Mess Right Now

Lately, it feels like we’re surrounded by systems and industries that aren’t working the way they should. There's an oil shortage, and a baby formula shortage, and a used car shortage, and a microchip shortage. Now, here comes the airline industry shortage. This past weekend, thousands of flights were cancelled because airlines didn't have enough pilots, grounds crew, or planes. People were stranded in airports for eight hours or longer. JetBlue, American, and Delta collectively canceled about 9-10 percent of their flights—between five and 10 times higher than their historical average. And some experts say that if you’re planning to fly at all this summer, things will only get worse. How did this happen? When will it end? Today’s guest is Scott Keyes. He is the founder of Scott's Cheap Flights, a newsletter and business with more than 2 million members. We talk about the origins of the crisis, the economics of the airline industry, and why the decline of business travel is a cannonball in a lake whose ripple effects are wreaking all sorts of havoc. Host: Derek Thompson Guest: Scott Keyes Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(405)

The Single Smartest Case Against AI Doom

The Single Smartest Case Against AI Doom

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25 Sep 1h 1min

The Truth About Mississippi's Education "Miracle"

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Education outcomes have been getting worse across much of the world, with reading and math scores falling to historic lows. The U.S. has seen some of the steepest declines in decades. But, why does ...

18 Sep 56min

Why Experts Keep Getting the Economy So Wrong

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Expert economists keep making predictions about America’s financial future, and those predictions keep being … wrong. Over the past few years, we’ve heard warnings about a recession, inflation, tariff...

15 Sep 58min

What’s the Point of College?

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Trust in American higher education is near a historic low. Tuition has soared, and the payoff for a college degree is now in question as graduates face a weird and challenging job market. Simultaneous...

11 Sep 56min

The New Book That Scares Big Tech

The New Book That Scares Big Tech

In the late 19th century, a railroad boom fueled by easy money, speculative investment, and new technology helped kick off one of the worst financial crises in American history. Sound kind of familiar...

8 Sep 59min

AI Slop Is Breaking the Internet. Can We Save It?

AI Slop Is Breaking the Internet. Can We Save It?

So many people seem to hate AI, and it’s not just because it might displace millions of jobs, destroy the world, or deepen distrust in big corporations and government. The reason might actually be sim...

1 Sep 56min

Why Everything Is Going to Keep Getting More Expensive

Why Everything Is Going to Keep Getting More Expensive

For much of the 21st century, the U.S. economy was built around cheap money. Today, though, interest rates are rising, and borrowing is getting much more expensive. At the same time, the federal gover...

25 Aug 41min

Higher Education’s Age of ‘Insufferable Hypocrisy’

Higher Education’s Age of ‘Insufferable Hypocrisy’

It would be an understatement to say that higher education is in crisis, as it faces attacks from both the current presidential administration as well as issues of its own making, like diversity polit...

18 Aug 1h 2min

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