Although economists don’t expect a repeat of the kind of shutdowns that gutted industries in 2020, the risks posed by the variant have businesses on edge.
Here are some of the companies that have already warned about the Delta variant’s threat to their bottom line.
Southwest Airlines (LUV)
is seeing a decrease
in bookings and an increase in cancellations this month, according to a recent regulatory filing
. The airline said this pattern is “believed to be driven by the recent rise in Covid-19 cases associated with the Delta variant.” This is a shift from the company’s July prediction
that it would be profitable in the third and fourth quarters based of strong booking trends for leisure travel.
warned that the Delta variant is going to disrupt travel
. The company saw a dip in demand in July, and on an earnings call, Airbnb’s chief financial officer David E. Stephenson said it’s likely due to “summer peak” and the Delta…