Southwest Airlines says omicron will drive a first-quarter loss but expects 2022 profits
Publishing timestamp: 2022-01-27 13:06:14
Summary
Southwest Airlines expects to lose money in the first quarter due to the impact of the omicron variant on staffing and bookings, but is optimistic about profits by March. The airline is raising starting wages and adjusting capacity plans in response to the ongoing challenges caused by the pandemic.
Sentiment: MIXED
Keywords: airlines, united airlines holdings inc, southwest airlines co, life, markets, business, earnings, travel, transportation, business news, delta air lines inc, breaking news: business, aerospace and defense industry, american airlines group inc,
Source: https://www.cnbc.com/2022/01/27/southwest-airlines-omicron-delay-travel-recovery.html