The shortfall is affecting planning at carriers including American Airlines and United Airlines, as persistent supply-chain problems and regulatory concerns rattle the business.
The spate of cancellations in October marks a sharp reversal from a few months ago, when shipping lines commanded premium prices and booked record profits.
The plan includes a levy on fossil fuel firms' surplus profits and a levy on excess revenues made from surging electricity costs. The cash raised is expected to go to families and businesses.
Hong Kong will stick with its push to reopen to the world unless a dangerous new virus variant emerges, while stressing the financial hub has an obligation to protect mainland China from major COVID-19 outbreaks.
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains.
The shortfall shrank 3.2% to $87.3 billion last month, Commerce Department data showed Sept. 28, suggesting a tailwind for economic growth in the third quarter.
Europe’s biggest carmaker, said that relocation of production capacity for some component makers is among options in the medium term if gas shortages last much beyond this winter.
Jim Cafone, a senior vice president of supply chain at Pfizer, says the rapid and successful rollout of the doses shows companies now will “need to really rethink how you configure your supply chain.”