The Federal Aviation Administration (FAA) is launching a new plan to avoid flight delays in New York City and Washington, D.C. this summer. The plan will lower requirements for airlines to obtain take off and landing rights to help avoid congestion.
The FAA said it expects delays to jump 45 percent in the New York city area this summer due to a shortage of air traffic controllers at key facilities.
Airlines have until April 30 to file requests to give up take-off and landing slots. The waiver would last from May 15 through September 15. Delta Airlines commended the measure.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
