Delta posts a profit but warns Omicron will mean a loss this quarter
CNN
A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of 2021. But it expects to lose money again in the current quarter as Covid infections surge.
Still, the airline offered a hopeful message, saying it expects the impact of Omicron on its operations will be over within the next 60 days. That should allowing Delta to return to profitability by March and to continue to make money throughout the summer travel season.
"The recent rise in Covid cases associated with the Omicron variant is expected to impact the pace of demand recovery early in the quarter, with recovery momentum resuming from President's Day weekend forward," said Glen Hauenstein, Delta's president.
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