The airline canceled more than 2,000 flights since Christmas Eve due to worker shortages and bad winter weather, CEO Ed Bastian said. Approximately 8,000 employees tested positive for COVID-19 over the last four weeks.
“Omicron is expected to temporarily delay the demand recovery 60 days, but as we look past the peak, we are confident in a strong spring and summer travel season with significant pent-up demand for consumer and business travel,” he added. Delta cited higher costs from fuel and Omicron-related disruptions in its fourth quarter results. Shares rose 3% in early trading.
“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,” Janki said.
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