Delta Air Warns of Loss in Current Quarter on Omicron Turbulence

Delta Air Warns of Loss in Current Quarter on Omicron Turbulence
Delta Air Lines jets are parked at Kansas City International Airport, Miss., on May 14, 2020. Charlie Riedel/AP Photo
Reuters
Updated:

CHICAGO—Delta Air Lines Inc. on Thursday reported higher quarterly earnings on the back of strong holiday travel demand, but warned of a loss in the quarter through March due to turbulence caused by the Omicron coronavirus variant.

“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,” Dan Janki, Delta’s chief financial officer, said in a statement.