Delta Air Lines Will Beat The Revenue Expectations Despite Omicron Variant

Delta Air Lines’ stock jumped 2.1% in pre-market trading after the carrier reported adjusted fourth-quarter earnings and revenue that beat analyst expectations. The company’s December revenue was up almost 80% from a year ago. Despite the robust holiday season, Delta Air Lines warned that it would post a loss in the first quarter due to the impact of the Omicron coronavirus. The company’s profit came in at 22 cents a share, which was above the 14 cents expected by analysts. 

Delta Air Lines

Delta said that its operations have started to stabilize over the last week, and it expected the uptick in COVID-19 cases to have a negative impact on revenue in the first quarter. However, the company noted that it expects the March quarter’s total revenue to recover to about 75% of its last projections. The company noted that the Omicron burst issue will likely delay the recovery of traveling by about 2 months. Ed Bastian, Delta’s chief executive, said that the company was “very optimistic” that the spring and summer travel season would be strong.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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