American Airlines suffers loss as Omicron clouds outlook

The big US carrier echoed rivals Delta Air Lines and United Airlines in citing the Omicron wave of Covid-19 as a recent drag that has depressed bookings early in 2022.

The carrier reported a loss of $931 million for the fourth quarter, compared with a $2.2 billion loss in the same three months of 2020. But hopes dimmed as the Omicron variant surfaced as a major worry, delaying an industry comeback, especially in highly profitable business travel.

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