Delta Air Lines expects to obtain profit by March 2022 despite the cancelations caused by the new Omicron variant over the first days of the year.
According to Delta CEO Ed Bastian, the new coronavirus strain will cause a two-month delay in air travel recovery, with losses in January and February followed by profits in March.
On Wednesday, Delta’s shares were up 6%, while United and American shares were up 10% and 8%, respectively. In comparison, the S&P 500 was down 2.3%.
The airline forecasts first-quarter revenue to be 24 percent to 28 percent below 2019 levels on capacity 15 percent to 17 percent below what it flew three
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