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Airlines Face Weeks of Uncertainty as Omicron Stalls Travel

  • Ryanair reduced profit guidance as virus surge hit bookings
  • Other carriers will likely have to reassess plans: Bernstein
A passenger at Paris-Charles de Gaulle airport in Paris, France, on Dec. 14.

A passenger at Paris-Charles de Gaulle airport in Paris, France, on Dec. 14.

Photographer: Nathan Laine/Bloomberg
Updated on

Airlines face an uncertain few weeks over the holidays and into January as the spread of the omicron coronavirus variant upends what’s traditionally one of the busiest periods of the year for flight sales.

Discount giant Ryanair Holdings Plc slashed its earnings guidance Wednesday as travel restrictions related to the strain weakened Christmas and New Year bookings, while Deutsche Lufthansa AG said Thursday it plans to cut about 10% of its winter schedule.