Southwest Airlines Says Omicron Will Drive a Loss in the First Quarter, But Expects 2022 Profit

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Southwest Airlines Says Omicron Will Drive a Loss in the First Quarter, But Expects 2022 Profit
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Southwest Airlines said it will post losses in January and February but return to profitability by March.

Carriers had canceled more than 20,000 flights between Christmas Eve and the first week of the year, hit by a combination of bad weather and a lack of available crews as omicron spread through employee ranks and nationwide.

Southwest and other airlines offered extra to crews to help ease staffing shortages and the Dallas-based carrier said that would extend into February.

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