One year ago, the airline industry was wondering how it could continue to operate due to the lack of demand. Now it has the opposite problem as major airlines are overwhelmed by the sudden increase in traffic.

Following a hectic month of summer travel in the wake of loosening travel restrictions, airlines are starting to scale back due to labor shortages and a spike in demand. American Airlines said Monday it cancelled more than 100 flights over the weekend and would trim additional trips next month.

American Airlines said it cut 150 flights on Saturday alone, including 90 in advance. It also blamed some of the cancellations on supply issues with some of its vendors and recent bad weather at large hubs, and it expects to remove about 1% of its scheduled flights from the July schedule.

The moves come as the country reopens due to COVID-19 vaccination efforts. Over the past 10 days, about 2 million people per day have traveled in U.S. airports -- levels not seen since the start of the pandemic.

FIND OUT HOW AMERICAN AIRLINES IS COPING WITH DEMAND

The Supreme Court called a foul on the NCAA on Monday, and student-athletes across the country are anticipating the chance for a bank shot.

The highest (and most divided) court in the land issued a rare unanimous ruling that strikes down the governing body of college athletics' ability to put limits on the amount a student-athlete can earn while staying eligible.

The case, brought before the court by a former student-athlete who challenged the rules on behalf of current and future scholarship players, claims the NCAA unlawfully prevents college students from earning money on their likeness or endorsement deals. The ruling gives students who are playing college football or basketball the chance to cash in.

In other words, the NCAA prevented athletes from benefiting financially from their role as players, while the governing body made serious bank of the athletes' backs in television rights, ticket sales and merchandising. 

While Monday's ruling does not fully open the door to student-athletes receiving salaries for their time and effort -- the next logical step to make it equitable among men's and women's non-revenue sports -- at least the double-dribble double-standard finally got whistled against the NCAA.

FIND OUT HOW STUDENT-ATHLETES ARE FREE TO EARN MONEY

The next time you order a round of drinks for the table, you might want to make sure their beverage of choice isn't Kweichow Moutai. A case of the rare Chinese liquor sold for $1.4 million (or nearly $600,000 per bottle) at a Sotheby's London auction -- a new record for liquidation of the liquid.

The case of 1974 “Sun Flower” Kweichow Moutai that was housed within the original wooden case holds a “unique place not just in Moutai distillery’s history, but also in that of China’s,” according to Sotheby's. Only 36 tons of the nectar were produced in 1974 and it was discontinued in 1983, leaving only a small number of the bottles on the market today.

Kweichow Moutai calls the liquor a “mysterious drink” that has been dubbed “firewater” for its 53% alcohol content. It became known as a celebratory drink reserved for special occasions and became a popular gift from Chinese officials to foreign visitors and official heads of state.

There were 14 anonymous bidders and the winner's name was not released, but look for the guy who has a sudden windfall of friends.

FIND OUT WHAT MAKES THIS LIQUOR SO RARE AND VALUABLE

America's oldest registered distillery is also the most popular brand of whisky distributed worldwide. Name the iconic brand and its birthplace.

Monday's answer: Sonora Dodd first suggested the idea of Father's Day after being raised by a single dad. It became an official holiday in 1966.

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