Posted by on January 13, 2022 8:09 pm
Categories: Breaking News Epoch Times News

Delta Air Warns of Loss in Current Quarter on Omicron Turbulence

CHICAGO—Delta Air Lines Inc. on Thursday reported higher quarterly earnings on the back of strong holiday travel demand, but warned of a loss in the quarter through March due to turbulence caused by the Omicron coronavirus variant. “Despite expectations for a loss in the March quarter, we remain positioned to generate a healthy profit in the June, September, and December quarters, resulting in a meaningful profit in 2022,” Dan Janki, Delta’s chief financial officer, said in a statement. Delta said the Omicron variant will likely delay the recovery in travel demand by 60 days, but it expects the recovery to resume around the Presidents Day holiday in February. In an interview, Chief Executive Ed Bastian said bookings for international travel were down but he sounded confident that the transatlantic market would have a “very strong” spring and summer travel period once Omicron-driven border restrictions are lifted. “There’s an enormous amount …

Originally appeared on The Epoch Times

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