Delta Posts $408 Million Loss in Final Quarter of 2021

By Paul Riegler on 17 January 2022
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A Delta 767 at JFK

Delta Air Lines announced financial results for the fourth quarter of 2021.

The Atlanta-based carrier posted a $408 million loss in the final quarter as the surge in coronavirus cases fueled by the omicron variant caused a high rate of absenteeism and a decline in travel, thereby delaying Delta’s recovery from the pandemic.

More than 10% of employees – some 8,000 people in total – called out sick over the end-of-year period, the airline’s CEO, Ed Bastian, said in an interview on CNBC last week.   When combined with severe winter weather, this caused airlines to cancel tens of thousands of flights over one of the busiest holiday periods of the year.

The omicron variant became an issue just as airlines began to recover from previous waves of the Covid-19 virus.

“While the rapidly spreading Omicron variant has significantly impacted staffing levels and disrupted travel across the industry, Delta’s operation has stabilized over the last week and returned to preholiday performance,” Bastian said in a statement that accompanied the earnings report. “We are confident in a strong spring and summer travel season with significant pent-up demand for consumer and business travel.”

(Photo: Accura Media Group)

Accura News

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