Both American Airlines and United Airlines reported better-than-expected financial results, despite problems brought on by the Omicron surge during the holiday travel period. But both said they expect problems from the variant early this year
American , the nation's largest airline, lost $921 million in the quarter, excluding special items. That was less than the $1.2 billion forecast by analysts, and less than half than $2.2 billion it lost in the fourth quarter of 2020, before Covid vaccines were widely available.Its revenue reached $9.4 billion, more than double the $4 billion of a year earlier.
Read MoreBut large corporate travel is still only 40% of pre-pandemic levels, and international travel is still down significantly due to limitations on those flights by various governments around the globe. Those are among the most lucrative tickets sold by airlines.United reported a loss of $520 million excluding special items, which was also better than than $700 million loss forecast by analysts. It was also a significant improvement from the $2.1 billion it lost a year ago.
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