Delta CEO: We believe worst of Omicron is behind us

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Delta CEO: We believe worst of Omicron is behind us

seekingalpha2022-01-13

Delta Air Lines CEO Ed Bastian said Thursday that he believes "the worst of Omicron is behind us" as the company's operationshave stabilized after a challenging holiday season.Looking ahead, the head ...

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Ah Deck
·2022-01-14
Live with virus pls like
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Gackky
·2022-01-14
….when a new variant comes knocking[Facepalm]
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1
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Lonewolf
·2022-01-14
Nice
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1
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MHh
·2022-01-14
Hard to tell. Will likely be a bumpy road to recovery. Not just whether there are new variants, but also hospitalisation and death rates and of course regulations. But it does seems people are ready to travel when allowed. Afterall, it has been 2 years with covid already…and counting….
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7
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YauDK
·2022-01-14
Oh ye ye
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PearlynCSY
·2022-01-14
U.S. reports record 1.3M Covid cases in a day as hospitalizations soar. The seven-day average for Covid cases in the U.S. also reached its highest point yet on Monday, hitting an average of 740,594 new infections per day. And U.S. Inflation Hit 7% in December, Fastest Pace Since 1982. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year earlier, up from 6.8% in November. That was the fastest since 1982 and marked the third straight month in which inflation exceeded 6%. With such double whammy, probability of more downsides cannot be ruled out esp with FED tapering to fight inflation, and an overvalued stock market
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ASMH
·2022-01-14
Good
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AngieAbcde
·2022-01-14
Immune already haha
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hlw8888
·2022-01-14
sure or not???
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tan5i
·2022-01-14
Oh
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RS142
·2022-01-14
Really 🙄
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BalancingAct
·2022-01-14
Worst over? Spoke too soon
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asr68
·2022-01-14
Hope so
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andrew123
·2022-01-14
Great
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SP1980
·2022-01-14
Gogogo
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陈河马
·2022-01-14
Yes
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Kellylohlim
·2022-01-14
Nice
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BlueDragon
·2022-01-14
Very good
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They are ready to book their spring plans. They know Omicron isn't going to be a threat to them at that point,\" he said.Bastian's comments followed therelease of quarterly resultsthat showed a profit for Delta (DAL) for the second consecutive quarter. The bottom line beat expectations, boosted by revenue that jumped nearly 140% from last year's COVID-depressed figures.The top-line figure also represents about 74% of the revenue the company posted in the same period of 2019, before the pandemic began impacting results. Leisure demand has been strong for the airline but corporate bookings have yet to return to pre-COVID levels.Commenting on Omicron, Bastian reported that flight cancellations have come \"way down\" in the last week as the number of staff members coming down with the strain of COVID declines.He revealed that the spread of the virus led to a difficult holiday season, as 8,000 employees were infected over a short period of time -- the same span that included \"the busiest travel that we have seen in two years.\"\"The confluence of those two events could not have happened at a worse time,\" he said, noting that Omicron led to levels of cancellations in the airline industry that were \"unheard of.\"\"We believe the worst is behind us and we just need to navigate to get through this as a society,\" he said.Looking at corporate travel, which has lagged behind leisure travel in its post-COVID recovery, the Delta CEO predicted that Omicron caused a 60-90 day \"pause\" in the recovery of the business market.Asked about oil prices, Bastian refused to speculate about where the cost of jet fuel would go in 2022 but assured investors that \"we're prepared.\" He added that these preparations included a plan if oil prices top $100 a barrel.\"We've seen it many times in the past and we've figured out what we have to do to recover that [increase in oil prices],\" he said. \"Ultimately, it comes down to pricing.\"Delta soared to a 52-week high of $52.28 last April but drifted off that level as it became clear that the COVID recovery would be bumpier than previously hoped. Shares plunged to a 52-week low of $33.40 in early November as the first headlines about Omicron raised fears of renewed travel restrictions.As the latest strain of the virus has proved milder than previous variants, DAL has recovered. Buoyed by the earnings news, DAL climbed in Thursday's early trading. The stock was up more than 1% to $41.16 at about 9:45 a.m. ET.Still, since its peak in April, the stock has fallen about 17%, compared to a nearly 19% advance in the S&P 500.However, this is actually a better performance than many of its closest peers. American(NASDAQ:AAL), United(NASDAQ:UAL)and Southwest(NYSE:LUV)have all shown even bigger overall declines since April. LUV had the worst of these, with a retreat of 26%. UAL and AAL had slides of 20% and 22%, respectively,as you can see from this chart.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9005005048,"gmtCreate":1642117263279,"gmtModify":1676533682258,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4098445225447010","authorIdStr":"4098445225447010"},"htmlText":"Live with virus pls like&nbsp;","listText":"Live with virus pls like&nbsp;","text":"Live with virus pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005005048","repostId":1103788369,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9005001398,"gmtCreate":1642116880042,"gmtModify":1676533682163,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"….when a new variant comes knocking[Facepalm]&nbsp;","listText":"….when a new variant comes knocking[Facepalm]&nbsp;","text":"….when a new variant comes knocking[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005001398","repostId":1103788369,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002774851,"gmtCreate":1642116460676,"gmtModify":1676533682061,"author":{"id":"3582108668867504","authorId":"3582108668867504","name":"Lonewolf","avatar":"https://static.tigerbbs.com/57b5036bdbe3813d34ad83638f24538a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582108668867504","authorIdStr":"3582108668867504"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002774851","repostId":1103788369,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002772843,"gmtCreate":1642116270999,"gmtModify":1676533682013,"author":{"id":"4091758936365950","authorId":"4091758936365950","name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"4091758936365950","authorIdStr":"4091758936365950"},"htmlText":"Hard to tell. Will likely be a bumpy road to recovery. Not just whether there are&nbsp;new variants, but also hospitalisation and death rates and of course regulations. But it does seems people are ready to travel when allowed. Afterall, it has been 2 years with covid already…and counting….","listText":"Hard to tell. Will likely be a bumpy road to recovery. Not just whether there are&nbsp;new variants, but also hospitalisation and death rates and of course regulations. But it does seems people are ready to travel when allowed. Afterall, it has been 2 years with covid already…and counting….","text":"Hard to tell. Will likely be a bumpy road to recovery. Not just whether there are new variants, but also hospitalisation and death rates and of course regulations. But it does seems people are ready to travel when allowed. Afterall, it has been 2 years with covid already…and counting….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002772843","repostId":1103788369,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002778557,"gmtCreate":1642116158525,"gmtModify":1676533681965,"author":{"id":"3580072870029753","authorId":"3580072870029753","name":"YauDK","avatar":"https://static.tigerbbs.com/4e00c10df4000c04392220903422d15f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580072870029753","authorIdStr":"3580072870029753"},"htmlText":"Oh ye ye&nbsp;","listText":"Oh ye ye&nbsp;","text":"Oh ye ye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002778557","repostId":1103788369,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002773519,"gmtCreate":1642116020947,"gmtModify":1676533681848,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"U.S. reports record 1.3M Covid cases in a day as hospitalizations soar. The seven-day average for Covid cases in the U.S. also reached its highest point yet on Monday, hitting an average of 740,594 new infections per day. And U.S. Inflation Hit 7% in December, Fastest Pace Since 1982. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year earlier, up from 6.8% in November. That was the fastest since 1982 and marked the third straight month in which inflation exceeded 6%. With such double whammy, probability of more downsides cannot be ruled out esp with FED tapering to fight inflation, and an overvalued stock market","listText":"U.S. reports record 1.3M Covid cases in a day as hospitalizations soar. The seven-day average for Covid cases in the U.S. also reached its highest point yet on Monday, hitting an average of 740,594 new infections per day. And U.S. Inflation Hit 7% in December, Fastest Pace Since 1982. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year earlier, up from 6.8% in November. That was the fastest since 1982 and marked the third straight month in which inflation exceeded 6%. With such double whammy, probability of more downsides cannot be ruled out esp with FED tapering to fight inflation, and an overvalued stock market","text":"U.S. reports record 1.3M Covid cases in a day as hospitalizations soar. The seven-day average for Covid cases in the U.S. also reached its highest point yet on Monday, hitting an average of 740,594 new infections per day. And U.S. Inflation Hit 7% in December, Fastest Pace Since 1982. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year earlier, up from 6.8% in November. That was the fastest since 1982 and marked the third straight month in which inflation exceeded 6%. 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Spoke&nbsp;too soon","listText":"Worst over? Spoke&nbsp;too soon","text":"Worst over? 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