Business
Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025.
Kamil Krzaczynski | Afp | Getty Images
U.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown.
The cuts were ordered as air traffic controllers have missed their paychecks due to the government shutdown, now the longest in U.S. history. Air traffic control staffing shortages have been disrupting flights at several major U.S. airports, vexing travelers and airline executives alike.
Air traffic controller shortages were delaying flights at several major U.S. airports on Friday, including Newark Liberty International Airport in New Jersey, San Francisco International Airport and Hartsfield-Jackson International Airport in Atlanta.
The sudden flight cuts this week forced airlines to scramble with schedule adjustments and make sure crews are where they need to be despite the last-minute changes.
More than 700 U.S. flights were canceled as of 9 a.m. ET Friday, according to aviation data firm Cirium, about 3% of the total schedule for the day. That scale of disruption is fairly common for routine disruptions like major thunderstorms, but the Department of Transportation warned that cancellations could ramp up.
According to the FAA’s order, the flight cuts will increase to 10% over the next week, beginning with 4% on Friday, 6% by Tuesday, 8% by Thursday and finally 10% on Nov. 14.
Friday’s cancellation levels were the 72nd worst for the U.S. flights market since Jan. 1, 2024, according to Cirium. That period also included a Southwest Christmas meltdown after severe weather and mass delays at Delta Air Lines last summer in the wake of a CrowdStrike tech outage.
The financial impact of the latest disruptions isn’t immediately clear. The cancellations could help lift airlines’ unit revenue with customers competing for fewer seats, “but we also believe the prolonged shutdown and widespread cancelations will impact booking demand in the near term,” Scott Group, an airline analyst at Wolfe Research, wrote in a note Friday.
The cuts come during a generally low-demand period for travel ahead of the Thanksgiving holiday, but it still sent many travelers searching for alternatives. Rental car company Hertz said that reservations over the past two days for one-way rentals spiked more than 20% from the same period last year.
Major network airlines said the disruptions were largely centered on regional flights that fly to smaller cities. United Airlines, for example, said its hub-to-hub flying and its long-haul international flights wouldn’t be canceled because of the order.
American Airlines, for its part, said it was limiting disruptions to customers by avoiding cuts to routes it only flies once or twice a day. Instead, the airline is trimming a few flights a day from high-frequency markets – like reducing daily departures between its hub at Dallas Fort Worth International Airport to Northwest Arkansas National Airport from 10 to eight, and Boston Logan International to Ronald Reagan Washington National from 10 to nine.
The airline canceled 221 flights on Friday, according to CEO Robert Isom, who said the airline is “frustrated” with the reduction.
Isom said on CNBC’s “Squawk Box” that the airline is working to ensure flights to all destinations still remain in place, but that the frequency of those flight paths are decreasing.
“What we’ve done today is we tried to minimize the impact on all of our customers — there’s only 220 flights out of 6,200, flights, and we’ve done it in a way that really impacts our smaller aircraft,” Isom said. “This level of cancellation is going to grow over time, and that’s something that is going to be problematic.”
What passengers need to know
Airlines offered travelers alternative flights and waived change fees for affected customers.
Experts recommend staying on top of changing schedules by checking airline apps and websites, as well as checking the fine print on travel insurance.
AAA spokesperson Aixa Diaz said the company recommends arriving at the airport 2 hours early to avoid long lines and avoid checking in a bag if possible in case flights get canceled, though flexibility will be the most important for all travelers during this period.
Travel insurance experts warn that policies don’t always offer blanket protection for shutdown-related changes, and that refunds can often come down to the specific rationale used by the airline to determine the cause of delay or cancellation.
According to Lauren McCormick, a spokesperson for travel insurance platform Squaremouth, airlines sometimes won’t cite causes other than general delays even during a shutdown, which could make it harder to get a refund.
Here’s where flights are expected to be cut, per the FAA and DOT order:
Impacted airports:
- ANC – Anchorage International
- ATL – Hartsfield-Jackson Atlanta International
- BOS – Boston Logan International
- BWI – Baltimore/Washington International
- CLT – Charlotte Douglas International
- CVG – Cincinnati/Northern Kentucky International
- DAL – Dallas Love
- DCA – Ronald Reagan Washington National
- DEN – Denver International
- DFW – Dallas/Fort Worth International
- DTW – Detroit Metropolitan Wayne County
- EWR – Newark Liberty International
- FLL – Fort Lauderdale/Hollywood International
- HNL – Honolulu International
- HOU – Houston Hobby
- IAD – Washington Dulles International
- IAH – George Bush Houston Intercontinental
- IND – Indianapolis International
- JFK – New York John F. Kennedy International
- LAS – Las Vegas McCarran International
- LAX – Los Angeles International
- LGA – New York LaGuardia
- MCO – Orlando International
- MDW – Chicago Midway
- MEM – Memphis International
- MIA – Miami International
- MSP – Minneapolis/St. Paul International
- OAK – Oakland International
- ONT – Ontario International
- ORD – Chicago O’Hare International
- PDX – Portland International
- PHL – Philadelphia International
- PHX – Phoenix Sky Harbor International
- SAN – San Diego International
- SDF – Louisville International
- SEA – Seattle/Tacoma International
- SFO – San Francisco International
- SLC – Salt Lake City International
- TEB – Teterboro
- TPA – Tampa International
(The airport in Las Vegas was renamed the Harry Reid International Airport in 2021.)
— CNBC’s Greg Iacurci contributed to this report.
Business
Fractal Analytics, Aye Finance, Marushika Tech: Three IPOs To Open Next Week; All You Need To Know
Last Updated:
The two mainboard IPOs opening next week are Fractal Analytics and Aye Finance, and the SME IPO is Marushika Technology.

Two IPOs are going to be closed on February 10 are Biopol Chemicals and PAN HR Solution.
The primary market has been muted for the past few weeks. However, the initial public offering (IPO) market is going to see three new issues next week, including two mainboard. Apart from that, two IPOs are already open and will be closed on February 10.
The two mainboard IPOs opening next week are Fractal Analytics and Aye Finance, and the SME IPO is Marushika Technology. Also, the two IPOs that will close on February 10 are Biopol Chemicals and PAN HR Solution.
Brandman Retail and Grover Jewells will debut on the bourses on February 11
Fractal Analytics IPO
Pure-play artificial intelligence company Fractal Analytics will open its maiden public issue on February 9, with the issue closing on February 11. The company is looking to raise Rs 2,834 crore at the upper end of its price band of Rs 857-900 per share.
The IPO comprises a fresh issue of shares worth Rs 1,023.5 crore and an offer-for-sale (OFS) of shares worth Rs 1,810.4 crore. The selling shareholders in the OFS include TPG Fett Holdings, Apax Partners’ Quinag Bidco, GLM Family Trust, Satya Kumari Remala and Rao Venkateswara Remala.
Fractal Analytics is backed by global private equity firms Apax Partners and TPG. Ahead of the issue opening, the company raised Rs 1,248 crore from anchor investors on February 6.
Its grey market premium (GMP), which indicates investors’ readiness to pay for the IPO, currently stands at 3.22% of the upper IPO price of Rs 900, indicating weak potential listing gains.
Aye Finance IPO
Alphabet and LGT Capital-backed NBFC Aye Finance will also open its IPO on February 9 and close on February 11. The company has fixed a price band of Rs 122-129 per share for its Rs 1,010-crore public issue.
The IPO consists of a fresh issue of shares worth Rs 710 crore and an offer for sale (OFS) of Rs 300 crore by existing investors, including Alpha Wave India, MAJ Invest Financial Inclusion Fund, CapitalG, LGT Capital Invest Mauritius and Vikram Jetley.
Ahead of the IPO, Aye Finance has already raised over Rs 454 crore through its anchor book on February 6.
Its grey market premium (GMP), which indicates investors’ readiness to pay for the IPO, currently stands at zero against the upper IPO price of Rs 129, indicating flat or negative listing.
Marushika Technology IPO
From the SME segment, Marushika Technology’s IPO will open on February 12 and close on February 16. The IT and telecom infrastructure solutions provider aims to raise ₹26.97 crore through the issue of 23.05 lakh shares.
The price band for the SME issue has been fixed at Rs 111-117 per share.
Other IPO and listing updates
Meanwhile, specialty chemicals maker Biopol Chemicals and manpower solutions provider PAN HR Solutions, both from the SME segment, will close their IPOs on February 10. These issues opened on February 6 and were subscribed 81 per cent and 12 per cent, respectively.
Next week will also see multiple SME listings. Brandman Retail and Grover Jewells will debut on the bourses on February 11 after their IPOs were subscribed nearly 107 times and 18 times, respectively. Biopol Chemicals and PAN HR Solutions are scheduled to list on February 13.
February 08, 2026, 09:44 IST
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Business
India offers limited access to agri goods; protects staples, dairy – The Times of India
NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President Donald Trump scrapping the 25% penalty on Indian exports for Russian oil purchases, a move that overnight makes made-in-India products, including those in the high seas, competitive in the American market. Labour-intensive sectors with significant MSME presence, textiles, leather and footwear and marine products, are expected to be big beneficiaries as they were facing strong headwinds due to the punishing 50% additional tariffs, which will now drop to 18% over the product-specific or MFN tariff that applies to all countries.Commerce and industry minister Piyush Goyal told reporters that India has opted for calibrated opening up, allowing American imports in areas where there were requirements, while protecting sensitivities in key segments such as agricultural and dairy products, including cereals, corn, sugar, soybean, genetically modified (GM) food products and fuel ethanol.While sensitive farm goods were the sticking point, India has sought to work out an arrangement where products such as apples and cotton long staple fibre will enter India at lower duty, but in specified quantities. Import duties will be slashed for pistachios, walnuts, almonds, soybean oil and some lentils, wines and whiskey as well as dried distillers’ grains and red sorghum for animal feed. In return, several Indian foods products, including bananas, guava, spices, tea, coffee and processed food items, will also get zero-duty access in US.
Business
After year of turmoil, Indian diamonds and gems set to shine in US markets – The Times of India
MUMBAI: Zero-duty access for diamonds and coloured gemstones to the US under the interim trade agreement framework will benefit the gems and jewellery sector, which was termed by industry leaders as a “critical inflection point” after bruising year for exports.The move could help reverse the sharp decline in shipments to India’s largest market, where cut and polished diamond exports fell by over 60% – from $3.64 billion to $1.45 billion – amid tariff-induced loss of competitiveness, they said.Kirit Bhansali, chairman of Gem and Jewellery Export Promotion Council, said, “Last year has been particularly difficult for the sector, and this step restores a level playing field for Indian exporters.”India and the US announced on Saturday that they had reached a framework for an interim trade agreement under which both sides will reduce import duties on a range of goods to boost bilateral trade.“This is a big breakthrough and will lead to more jobs. The tariff rollback will help revive exports and bring back confidence in the market,” said Ashok Gajera, MD Laxmi Diamonds.Under the framework, duties on jewellery have been brought down to 18%, offering what the industry described as immediate, if partial, relief. GJEPC has also urged govt to include lab-grown diamonds and synthetic gemstones in the exemption list, which currently stands at 18%.All India Gem and Jewellery Domestic Council (GJC) chairman, Rajesh Rode, said zero-duty access would give Indian exporters unprecedented entry into the US market. “This strengthens global competitiveness, improves margins, and ensures that artisans’ creations reach international consumers at fair prices.” GJC’s vice-chairman Avinash Gupta described the move as a game-changer for small and medium enterprises that form the backbone of the sector.
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