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United Airlines cuts capacity forecast, flags cost pressure amid Omicron

United Airlines Holdings trimmed its capacity forecast and warned of higher costs, after posting a smaller-than-expected fourth-quarter loss

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Reuters Chicago
United Airlines Holdings on Wednesday trimmed its capacity forecast and warned of higher costs, after posting a smaller-than-expected fourth-quarter loss, citing turbulence from the Omicron coronavirus variant.

The Chicago-based carrier said the latest wave of the health crisis has depressed near-term demand even as bookings for the spring and beyond remain strong.

United said its priority is to match capacity with demand.

As a result, its 2022 capacity is now projected to be lower than in 2019, instead of growing 5% as estimated earlier.

It expects to restore 82% to 84% of pre-pandemic capacity in the quarter through March, with revenue recovering to just

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First Published: Jan 20 2022 | 10:06 AM IST

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