NYTs - March 11, 2025 - The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.
Airlines flashed an early-warning signal on Tuesday, suggesting that consumers and businesses were starting to get nervous amid wider economic and political uncertainty.
Several carriers cut their financial forecasts for the first few months of the year, saying that revenue would be weaker than expected. They pointed to a number of reasons: bad weather, high-profile plane crashes, and less spending by consumers, businesses and the federal government.
“We just went through a little bit of a parade of horribles,” Ed Bastian, the chief executive of Delta Air Lines, said at the J.P. Morgan Industrials Conference on Tuesday morning.
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