Airline CEOs warn domestic travel demand is slowing
Publishing timestamp: 2025-03-11 11:30:24
Summary
Airlines such as Delta, American, and Southwest have cut their first-quarter forecasts due to weaker economic backdrop and decreased travel demand. Factors such as government travel slowdown and uncertainty have contributed to the decline in revenue and profit estimates. Airlines are also facing challenges from Trump's trade war and other macroeconomic uncertainties. Delta, American, and Southwest have all adjusted their revenue guidance and implemented cost-saving measures in response to the current market conditions.
Sentiment: NEGATIVE
Tickers: AAL, UAL, JBLU, LUV, DAL,
Keywords: washington d.c., markets, united airlines holdings inc, breaking news: business, travel, breaking news: markets, delta air lines inc, scott kirby, business, breaking news: politics, jpmorgan chase & co, politics, transportation, earnings, jetblue airways corp, american airlines group inc, life, aerospace and defense industry, business news, airlines, southwest airlines co,
Source: https://www.cnbc.com/2025/03/11/airline-ceo-domestic-travel-demand.html