United warns omicron will delay travel recovery, drive up costs - CNBC
United Airlines said the surge in Covid-19 infections has hurt bookings in recent weeks and will further delay its recovery from the pandemic.Delta Air Lines last week also said the omicron variant dented early 2022 bookings early this year and that it would drive it to a first-quarter loss, but that it expected to be profitable by March, forecasting a rebound in travel demand.United posted a net loss of $646 million, compared with a $641 million profit in the fourth quarter of 2019 but a smaller loss than the $1.9 billion it lost in the same quarter of 2020.Here's how United performed in the fourth quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:?