U.S. Airlines Warn of Dimming Outlook Amid Delta Variant

The Wall Street Journal2021-09-09

(Update: Sept 9, 2021 at 10:07 a.m. ET) United, Southwest, American and others say surge in Covid-19 cases has hampered travel demand. Several major U.S. airlines downgraded their financial ...

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精彩评论

Leekeez
2021-09-14
Leekeez
Ok
Ping2joseph
2021-09-10
Ping2joseph
Looking forward for the bull shot soon
Investigater
2021-09-09
Investigater
Omg
- Leoneon8881:
  👍🏻
- Investigater:
  Lets fly again
Spaclover
2021-09-09
Spaclover
T
- Spaclover:
  Y
AntonyGeorge
2021-09-09
AntonyGeorge
Warm

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Revenue in the current quarter will likely be about a third lower than the same quarter two years ago, United said.\nIn July, the airline had projected that the third quarter could bring its first adjusted pretax profit since before the coronavirus pandemic, butan increase in caseshas dragged down demand again, the airline said.\nOther airlines gave a similar downbeat account Thursday.\nSouthwest said falling demand will make profitability challenging in the current quarter. In August, operating revenue came in near the low end of Southwest’s guidance range, the airline said, as more leisure passengers decided to stay home and cancel trips.\nHurricane Idawas another setback, Southwest said, leading to the cancellation of about 2,700 flights. 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It said it still expects to report positive earnings before interest, taxes, depreciation and amortization in the current quarter, but brought down the top end of its Ebitda guidance range to $125 million, from $175 million.\nFor American Airlines, weaker bookings and higher cancellations will likely bring third-quarter revenue below the company’s previous forecast, the Dallas-based carrier said. It added, however, that it still expects the third quarter to bring its strongest revenue result since the pandemic began.\nDelta said that due to a pause in the pace ofthe business travel recovery, it now expects its adjusted total revenue in September to be near the low end of its prior guidance, which estimated a decline of 30% to 35% compared with the pre-pandemic September-ended quarter in 2019. Booking trends have stabilized in the past 10 days, Delta said.\nAirline shares gained in early 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