Business News – 06-17-2021

Dutch Airline KLM to resume most of its routes for 2021 with increased vaccinations 

  • KLM a Dutch Airline reports that they have plans to resume a majority of their international flights sometime this year in 2021
  • KLM also reported that they will also add a new route to Saudi Arabia and Riyadh as they expand towards the Middle East

CEO of Albertsons reports customers have been able to deal with increased inflation

  • Recently, Albertsons’ customers have been experiencing higher levels of inflation in comparison to recent years
  • Despite higher prices in-store, the CEO of Albertsons Vivek Sankaran has said, “we haven’t seen the consumer affected yet by that level of inflation”
  • Consumer prices in May have risen 5% from a year prior

Inflation and chip shortage could cost $3 billion extra for General Motors

  • For the second quarter of the year, car manufacturer General Motors expects The chip shortage and increasing inflation to cost them around $3 billion
  • The parts shortage has also impacted the company as well as inflation costs of $2 to $1.5 billion 

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.