CHICAGO: United Airlines lost US$646 million in the fourth quarter and said Wednesday that the current spike in COVID-19 cases will hurt its results in the March quarter.
The Omicron variant of the virus is showing up in United’s plans for 2022. The airline had once hoped to operate 5 per cent more flights than it did in 2019, but now expects to fly less this year than it did before the pandemic. Excluding special items, the company said its adjusted loss was US$1.60 per share. Analysts expected a wider loss of US$2.09 per share, according to a FactSet survey.
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