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AP National Business

United posts $646 million loss, omicron casts shadow over 1Q

KTVZ
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Published 3:21 PM

CHICAGO (AP) — United Airlines lost $646 million in the last three months of 2021, and the new year doesn’t look too good either. United said Wednesday that the current spike in COVID-19 cases will hurt its results in the March quarter, and its revenue will be 20% to 25% lower than it was at the same time in 2019. United says the omicron variant of COVID-19 is hurting near-term bookings, but the outlook is better for travel in spring and summer. United officials are scheduled to discuss the results with analysts on Thursday.

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