Delta Air Lines reported higher quarterly earnings due to high travel demand during the holidays, but warned of losses in the current quarter through March due to problems caused by Omicron.
The US airline adjusted earnings for the fourth quarter stood at 22 cents a share, higher than analysts’ estimates at 14 cents a share for the second consecutive quarter.
Delta has announced that the Omicron variant is likely to delay the recovery in travel traffic by 60 days, but expects the recovery to start again in February for President’s Day.
“Despite estimates for losses in the March quarter, we remain able to generate healthy gains in the June, September and December quarters, which result in significant gains in 2022,” said Delta Chief Financial Officer Dan Janki.
CEO Ed Bastian said the company was “confident of a strong spring and summer travel season with significantly increased travel demand”.
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Source From: Capital
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