Delta Says Economic Worries Are Hurting Travel Demand
The airline lowered its financial forecast for the first quarter as economic anxiety hurts demand for tickets.
Read more at The New York Times
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Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.CNBC - Mar. 10 -
US airlines’ warnings of lower demand cast shadow over economic outlook
American, Delta and Southwest trim financial guidance on corporate and consumer softnessFinancial Times - Mar. 11 -
Airline CEOs warn domestic travel demand is slowing
Airline CEOs say economic uncertainty and a drop in government travel is driving down domestic travel demand.CNBC - Mar. 11 -
Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.The New York Times - Mar. 11 -
Delta cuts its once-rosy outlook. Here’s what’s worrying the airline.
Shares of Delta Air Lines Inc. dropped more than 9% after hours Monday after the airline slashed its current-quarter estimates, seeing trouble ahead for demand for its domestic flights.MarketWatch - Mar. 11 -
Major US airlines warn demand is slowing
In addition to two major crashes, airlines point to the uncertain economic future, plummeting government travel and reductions to corporate travel.ABC News - Mar. 11 -
Airline stocks fall as possible economic 'soft patch' raises demand concerns
U.S. airline stocks tumbled Tuesday to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending.NBC News - Mar. 11 -
Japan revises fourth-quarter GDP lower, complicating BOJ's interest rate outlook
Japan's economic growth slowed to 2.2% on an annualized basis in the fourth quarter as the country grapples with tepid domestic demand.CNBC - Mar. 11 -
Trump economic adviser: 'First quarter is going to squeak into the positive category'
National Economic Council Director Kevin Hassett said Monday the “first quarter is going to squeak into the positive category,” even as anxieties around the economy rise nationwide. Stocks were ...The Hill - Mar. 10
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