Airlines prepare for Omicron-induced volatility

Staying cautious: A notice about Covid-19 safety measures at a departure hall of Narita international airport on the first day of closed borders to prevent the spread of the new coronavirus Omicron variant in Japan. — Reuters

CHICAGO: Airlines are bracing for a fresh round of volatility due to the Omicron variant of Covid-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.

Many travellers have already booked trips for the Christmas period, a peak season for airlines, but there are growing industry concerns over a pause in future bookings and further delays to the already slow recovery in business travel.