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Business News – 06-17-2021

K Buenavista — Thu, 17 Jun 2021 17:58:10 +0000

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

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