U.S. Airlines Cancel Another 1,000 Flights Monday

The airline industry has faced significant challenges recently, with share prices falling since early in the year. Initially, optimism about vaccines led to a peak, but COVID variants like Delta and Omicron have caused setbacks. Recent cancellations, especially around Christmas, have further impacted the industry. Labor shortages, exacerbated by COVID, are also a major issue, affecting flight operations and revenues. The industry's struggles are compounded by investors slowing down on the reopening trade.

What was the effect of flight cancellations over the weekend on airline stocks?

Discuss the relationship between passenger travel and airline stock performance mentioned in the text.