United Airlines Posts $646 Million Loss, Warns Omicron Will Delay Pandemic Recovery

By Paul Riegler on 20 January 2022
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United Airlines announced financial results for the fourth quarter of 2021.

The Chicago-based carrier posted a net loss of $646 million, compared with a $641 million profit in the same period of 2019 but a far smaller loss than the $1.9 billion it lost in Q4 2020.

The airline reported that revenue for the period was $8.19 billion, down 25% from 2019.  Despite the drop, it was the airline’s strongest quarter since the start of the pandemic.

United placed the blame for the decline squarely on the omicron-fueled variant of the coronavirus, saying it had has hurt bookings in recent weeks and delayed its recovery from the pandemic.  Without going into detail, the airline said that bookings for the busy summer travel season are strong.

“The United team has been fighting through unprecedented obstacles to, once again, overcome the new and daunting challenges that COVID-19 is bringing to aviation,” the airline’s CEO, Scott Kirby, said in a statement that accompanied the earnings release.

“Omicron is impacting near term demand, we remain optimistic about the spring and excited about the summer and beyond.”

(Photo: Accura Media Group)

Accura News

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