Stock Groups

Exclusive-Major U.S. airline CEOs urge action to avoid ‘catastrophic’ 5G flight disruptions -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. Southwest Airlines’ plane approaches San Diego International Airport to take off. The U.S. telecommunication companies, airlines, and the FAA discuss the possible impact of 5G wireless on the aircraft electronics.

WASHINGTON (Reuters) – The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis Wednesday when AT&T (NYSE:) and Verizon (NYSE:) are set to deploy new 5G service.

The chief executives of American Airlines (NASDAQ;), Delta Air Lines(NYSE:), United Airlines, Southwest Airlines and other companies wrote to the White House’s Transportation Department, Federal Aviation Administration and Federal Communications Commission, “If our major hubs don’t fly, then the vast majority (traveling and shipping public) will be essentially grounded.” It means there will be more than 1,100 flights each day, and over 100,000 passengers on a day similar to yesterday.

These could include cancellations, diversions and delays.

The letter was signed by UPS Airlines and JetBlue Airways (NASDAQ) as well FedEx Express (NYSE) Express. “To be blunt, the nation’s commerce will grind to a halt.”

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]