Airline stocks slide as concerns grow over consumer travel
From CNBC: 2025-04-01 13:26:00
Airline stocks, including Delta Air Lines, fell over concerns of weaker travel demand due to tariffs and low consumer confidence. Jefferies downgraded Delta, American, Southwest, and Air Canada. United Airlines remains a buy. Airline executives warned of softer demand, with domestic travel revenue dropping. NYSE Arca Airline Index fell 18% in Q1.
Read more at CNBC: Airline stocks slide as concerns grow over consumer travel