From Yahoo Finance: 2025-04-09 12:11:00

Delta Air Lines CEO Ed Bastian stated that Americans are acting like they are in a recession, leading to a defensive travel posture. Delta has suspended its 2025 forecast due to uncertainty, citing stalled domestic trips and decreased demand caused by various factors. Despite better-than-expected first-quarter results, full-year projections are on hold. UBS analysts downgraded airline stocks after reciprocal tariffs were announced. Airlines have lowered forecasts as Americans spend less on airfare, reflecting economic unease.



Read more at Yahoo Finance: Americans Are Behaving As If They’re Going Into a Recession, Delta CEO Says