Cancellations mar weekend travel

The unofficial start of summer over the Memorial Day weekend offers a troubling glimpse of what lies ahead for travelers during the peak vacation season.

U.S. airlines canceled more than 2,800 flights from Thursday through Monday, or about 2% of their schedules, according to tracking service FlightAware.

Delta Air Lines, usually among the top performers, had the worst record among major carriers with more than 800 canceled flights over the five-day span.

“This was a chance for airlines to show that last summer’s delays would not be repeated this summer, and yet, it was not to be,” said Helane Becker, an analyst for banking firm Cowen.

Becker blamed the disruptions on bad weather, air traffic control delays, airline crew members calling in sick, and long security lines at some airports.

Eurozone inflation hits recordLONDON – Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia’s war in Ukraine.

Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.4% reached in March and April, according to the latest numbers published Tuesday by the European Union statistics agency, Eurostat.

Inflation in the eurozone is at its highest level since recordkeeping for the euro began in 1997.

Soaring prices are weighing on household finances and making it more urgent for officials to act quickly to head off further increases in the cost of living.

From wire reports