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JetBlue Airways is preparing to cut scores of weekly flights in the New York City area this spring and summer in response to a shortage of air traffic controllers, a measure that will have a financial impact on the airline, CEO Robin Hayes told CNBC on Wednesday. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of 2022′s flight disruptions, reducing flight requirements by up to 10% for airlines’ takeoff and landing rights to avoid congestion in the New York City area and Washington, D.C. The FAA cited its staffing shortfall. The waivers will last from May 15 through Sept. 15. “We don’t want to pull down flights. I’m sure no airline wants to pull down flights,” Hayes said in an interview with CNBC ahead of an event at the Economic Club of New York. “But if we don’t cut them the system is not going to be workable this summer.” The staffing shortfall and potential schedule cuts in the region highlight the difficulty airlines have faced to ramp u...

Critical shortages of the ADHD drug Adderall and the antibiotic amoxicillin have left families reeling as the medicines their loved ones need become harder to find. It's become a familiar struggle as supply and demand have fallen out of sync during the pandemic, with manufacturers of various consumer goods struggling to keep up. Drugmakers have offered little insight into the reasons for the shortage s, other than to blame surging demand. In the case of amoxicillin, demand has become particularly acute amid a so-called tripledemic of Covid, respiratory syncytial virus, or RSV, and the flu that are converging this season. But according to experts, drug companies face few repercussions for not disclosing key information about the production of these medications, such as which third parties manufacture them, or where and how they are produced. As a result, U.S. consumers remain at the mercy of drug companies when it comes to learning the cause of the shortage s or how and when they mi...