Quantcast

Summer vacations linked to last week's market crash

United Airlines CEO Reassures Passengers About Newark Airport Safety
American Testing Tech to Help Passengers Make Connecting Flights
British Airways to use AI in efforts to improve operations
American Airlines Tests New Tech to Help Passengers With Tight Connections During Summer Rush
Flight Diverted After Pregnant Woman on Board Goes into Labor and Delivers Her Baby: Report
U.S. Transportation Secretary Sean P. Duffy Unveils Plan to Build Brand New, State-of-the-Art Air Traffic Control System
Passenger rushing for next flight can't believe what woman next to her does
Why fuel price crash won’t make flying cheaper
Kristi Noem says travelers without Real ID will still be able to fly after deadline
Frontier Airlines Announces New Routes Launching This Summer, Connecting Baltimore With Chicago O’Hare and Trenton, N.J. With Myrtle Beach, S.C.
Airlines in North America prioritize investments in cyber, AI
The evolution of the airline uniform — a cross check
Global Airlines & HiFly Operate 1st Passenger Airbus A380 Flight Between Barcelona And Berlin
American Airlines unveils ritzy new plane suites launching this summer
Airline Stocks To Keep An Eye On - April 28th
Gatwick Airport Faces Potential Strikes
50 New Routes Starting In May 2025
Report: JetBlue, United Mulling Partnership
New First-Class Suites, Futuristic Aircraft and the Top Air Travel News From April 2025
Southwest Airlines Announces Reimagined Fare Products, New Benefits for Rapid Rewards Credit Cardmembers and Tier Member Customers
New Alaska Airlines trading cards take flight this World Pilots’ Day - Alaska Airlines News
United CEO calls Trump's tariffs a 'chess game'
Virtual Training Becomes a Reality
Korean Air Restarts Longest 747 Passenger Flight in the World
Flight tickets from Srinagar remain exorbitantly high despite aviation ministry request
RTX Q1 Earnings & Sales Beat Estimates, Increase Year Over Year
Delta faces federal investigation as it scraps hundreds of flights for fifth straight day
Coalition pledges to remove EV tax break two days after Dutton ruled out scrapping it – as it happened
Adani’s airport unit seeks $750 million loan from global banks
GE Aerospace affirms outlook; CEO met with Trump to discuss tariffs
Summer vacations linked to last week's market crash
Research
Webp p18pueyozwbyaegyt1fzg7i1qaau
View from the Wing | View from the Wing

Last week’s stock market plunge has been attributed to a combination of factors, including the Bank of Japan's modest rise in interest rates and fears of an impending US recession. However, a significant influence on the crisis was a seasonal workplace quirk: summer holidays.

Market convulsions briefly wiped more than $1 trillion from Japan’s main stock index and sent shares in megacap tech groups plummeting. The crisis was exacerbated by a lack of liquidity due to thin staffing over the holidays.

“It was a perfect volatility event at the worst possible time ... If everyone’s away for the summer and you don’t have enough liquidity when something like that happens, you’ve got a big problem,” said Dan Scott, head of the multi-asset boutique at Vontobel. “Everyone was stuck in the same trades and then suddenly we had a change in the paradigm.”

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

A merger arbitrage trader, who requested anonymity, recounted an incident where "One guy I know was going to see the field hockey at the Olympics, on the Eurostar. He went into the tunnel and he had no connection right when contagion was spreading. Eurostar’s WiFi or lack of it probably cost him millions of dollars.”

Matt Levine remarked on this phenomenon: “In August, every trading desk is staffed by junior people who don’t know what they’re doing” seems to be a reasonably robust fact of behavioral finance.”

The consensus suggests that while travel is important, staying reachable during vacations is crucial for those managing significant financial responsibilities.

The case of Archegos Capital's collapse further illustrates this point. Their counterparties were left holding substantial losses, with Credit Suisse losing $5.5 billion while Jefferies managed to contain their losses. During this period, Jefferies' CEO was vacationing in Turks and Caicos and reportedly issued directives from a swim-up bar.

Summer vacations also impact healthcare negatively; mortality rates rise when experienced medical staff are replaced by less experienced personnel during holiday periods.

---

Organizations Included in this History
More News

Flying Food Group has announced reaching 20,000 followers.

Aug 5, 2025

Flying Food Group's Miami facility recently held an event to honor its Employee of the Month and celebrate work anniversaries.

Aug 5, 2025

Yesterday, a Turkish Airlines Boeing 777-300ER was evacuated at Antalya Airport after smoke was seen coming from its landing gear while taxiing.

Aug 5, 2025

Alaska Airlines has announced the addition of seven new routes across 12 cities in California, Oregon, Washington, and Idaho.

Aug 5, 2025

Ramp is offering a platform aimed at streamlining expense management for U.S.-based businesses with strong cash flow.

Aug 5, 2025

The Boeing E-7 Wedgetail has been identified as the primary replacement for the aging Boeing E-3 Sentry airborne early warning and control (AEW&C) aircraft, though its future with the United States Air Force (USAF) remains uncertain.

Aug 5, 2025