Worker absences triple because of Omicron [CNN]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: CNN
"Employers with public-facing workers, like schools and emergency service providers, appear to have had particularly large shares of their labor force isolate due to the virus," Goldman Sachs economists wrote in the report.Between December 27 and January 7, an average of 8% of flights were canceled each day, Goldman Sachs said. However, flight cancellations have eased recently prior to weather-related issues, "suggesting a diminishing impact from worker absenteeism," the report said.Meanwhile, Omicron is causing Americans to shift their behavior, dealing a blow to Covid-sensitive sectors of the economy."Activity in virus-sensitive services has declined sharply over the last month," Goldman Sachs said.For instance, air travel has slowed down. The number of passengers processed at airports by the Transportation Security Administration has dropped to about 72% of the level of two years ago, compared with 84% in November, according to Goldman Sachs.Both American Airlines and United Airli
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website