American, the world's largest airline by fleet size, said in its earnings report on Thursday that it lost
The
"As we close out the second year of operating in a global pandemic, we are incredibly proud of the
"Over the past year, we have experienced periods of high travel demand countered by periods of decreased demand due to new COVID-19 variants."
"Looking forward, our focus in 2022 will be to continue running a reliable airline, returning to profitability, and delivering on our long-term plan to deleverage the balance sheet," Isom said in a statement.
United said it expects revenue in the first quarter of 2022 to be off by as much as 25%, compared to the same period in 2019 when it generated close to
Meanwhile, United on Wednesday reported a fourth-quarter loss of
The airline said capacity over the final quarter last year was down 23% compared with 2019, and that it's concerned the trend will continue with the spread of the Omicron coronavirus variant.
"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," United CEO
"While Omicron is impacting near term demand, were main optimistic about the spring and excited about the summer and beyond."
United, the world's third-largest carrier by fleet size, said it expects revenue in the first quarter of 2022 to be off by as much as 25%, compared to the same period in 2019 when it generated close to
Several
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