Advertisement
Canada markets open in 8 hours 2 minutes
  • S&P/TSX

    21,740.20
    -159.79 (-0.73%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CAD/USD

    0.7252
    -0.0002 (-0.02%)
     
  • CRUDE OIL

    85.96
    +0.55 (+0.64%)
     
  • Bitcoin CAD

    86,540.77
    -3,266.02 (-3.64%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,403.60
    +20.60 (+0.86%)
     
  • RUSSELL 2000

    1,975.71
    -27.47 (-1.37%)
     
  • 10-Yr Bond

    4.6280
    +0.1290 (+2.87%)
     
  • NASDAQ futures

    17,870.25
    -6.00 (-0.03%)
     
  • VOLATILITY

    19.23
    +1.92 (+11.09%)
     
  • FTSE

    7,965.53
    -30.05 (-0.38%)
     
  • NIKKEI 225

    38,497.08
    -735.72 (-1.88%)
     
  • CAD/EUR

    0.6826
    +0.0002 (+0.03%)
     

United Airlines sees threat to transatlantic travel from Omicron

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop

(Reuters) - The Omicron variant of COVID-19 is a threat to translantic travel, United Airlines Holdings Inc said on Thursday, confirming its chief executive officer's comments to the Financial Times.

The airline will have less flying to Europe than it would have in January due to the new variant, CEO Scott Kirby had told the newspaper.

Transatlantic routes - the most lucrative long-haul market -accounted for up to 17% of 2019 passenger revenues for the major U.S. carriers.

Kirby fears passenger numbers will drop on some of its key routes after Omicron's discovery, but he does not expect a change in United's overall outlook, the FT reported.

ADVERTISEMENT

The company said in an emailed statement that it would continue to monitor the situation and make adjustments to its schedule as necessary.

(Reporting by Aishwarya Nair and Kannaki Deka in Bengaluru; Editing by Anil D'Silva)