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United Airlines Says Covid Surge to Cut 2022 Capacity, Pressure Costs

  • Pandemic surge to slow rebound in business travel this year
  • Fourth-quarter results were better than analysts expected
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United Air CEO on Fourth-Quarter, Outlook, 5G Accord
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United Airlines Holdings Inc. expects a delayed recovery in air travel this year as the coronavirus resurgence pressures business and leisure travel, slowing the carrier’s momentum after a robust holiday season pushed its fourth-quarter results above Wall Street’s estimates.

The spreading omicron variant prompted United to lower its capacity forecast for 2022 to below the 2019 level, according to a statement Wednesday detailing quarterly results. The airline previously said it expected this year’s capacity to surpass 2019 by 5%.