Airlines say rise in COVID-19 cases is hurting ticket sales
2 weeks ago
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Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for the travel industry.
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American Airlines said a slowdown that started in August has continued into September, and the airline further lowered its outlook for third-quarter revenue.
In another regulatory filing, United Airlines said its flying and revenue are both weaker than previously expected, and it is cutting its schedule for later this year to match the lower demand. United forecast a pretax loss in the third quarter that could extend into the fourth quarter if the virus outbreak continues.