Business
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Max Knoblauch
5/5/25

United Airlines cuts 10% of its Newark flights, citing air traffic controller understaffing

United Airlines flights account for roughly three-quarters of the air traffic in and out of Newark Liberty International Airport.

Over the weekend, the carrier announced it’s cutting 35 round-trip Newark flights, or about 10% of its daily schedule at the airport. In an online statement, United CEO Scott Kirby cited air traffic controller understaffing and outdated FAA technology as the reason for its decision:

“This particular air traffic control facility has been chronically understaffed for years and without these controllers, it’s now clear — and the FAA tells us — that Newark airport cannot handle the number of planes that are scheduled to operate there in the weeks and months ahead.”

More than a third of Newark’s flights were delayed Sunday as tech failures and a closed runway continued to weigh on America’s 14th busiest airport.

There are 14,000 air traffic controllers working in the US, more than 3,000 employees short of the level needed to reach full staffing. It could take up to eight years to close the gap. In March, 132 FAA employees who were fired in DOGE cuts were reinstated following a court ruling.

Transportation Secretary Sean Duffy is expected to announce a multibillion-dollar FAA modernization proposal this week.

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Tesla jumped more than 2% premarket on Friday after the company proposed an unprecedented roughly $1 trillion pay package for CEO Elon Musk, according to proxy filings.

To receive the massive payout, Musk will have to increase the company’s market cap to $8.5 trillion from the approximately $1 trillion it is today over the next 10 years.

The pay package also requires that Musk expand Tesla’s product offerings to include 1 million Robotaxis in commercial operation and the “delivery of 1 million AI Bots.” Currently the company has about 30 autonomous robotaxis in its invite-only Austin ride-hailing service, though this week the company expanded the waitlist for the service to everyone. Tesla's Optimus robots are still under development.

Musk would also have to take part in his own succession planning and develop a framework for who’s to follow him.

Investors have historically tied the fate of Tesla with Musk, so holding on to him for an extended period of time and having his blessing for the succession plan is typically seen as good news for the stock.

“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” the filing reads. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”

A judge twice struck down Musk’s previous $56 billion compensation package. Last month the board approved a $30 billion interim pay package, saying that “retaining Elon is more important than ever.”

Shareholders will vote on the pay package at their annual meeting on November 6.

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