Delta Air sees a fast recovery from Omicron turbulence

CHICAGO, Jan 13 (Reuters) – Delta Air Lines Inc (DAL.N) on Thursday reported higher quarterly earnings on the back of strong holiday travel demand and predicted a swift recovery from turbulence caused by the Omicron coronavirus variant, driving its shares higher.

The company said surging COVID-19 cases will likely result in losses in January and February, resulting in a loss for the quarter through March. But it expects the recovery in travel demand to resume around late February, putting the carrier in a position to generate profit in the June, September and December quarters.