Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down

Major US airlines cutting back services amid consumer retreat

Delta Air Lines and United Airlines have announced plans to reduce capacity due to overbuilt summer schedules and other challenges. Delta President Glen Hauenstein stated at a JP Morgan investor conference that the airline will scale back its summer capacity, with specifics to be revealed in its March 22 schedule. United Airlines CEO Scott Kirby said that the airline will retire 21 aircraft early, cut capacity in markets with high government traf

How things got so bad for airlines seemingly overnight

Airline profits are feeling the sting after a series of bad natural disasters, air crashes, and economic uncertainty shake customer confidence.Joe Raedle/Getty ImagesAirlines CEOs are adjusting their forecasts amid economic uncertainty and softened consumer demand.Natural disasters and air crashes in January and February haven't helped.Shares of American, Delta, Southwest, and United are all trading down this year. At the start of the year, airl…

Airlines Face Weak Demand Amid Economic, Safety Concerns

U.S. carriers initially anticipated a strong first quarter, but Delta Air Lines CEO Ed Bastian admitted Tuesday that projections were off, ABC New reported.

Delta slashes forecast as U.S. economic fears hit demand

Delta Air Lines on Monday (March 10) slashed its first-quarter profit estimates by half, sending its shares down 14%, and its CEO said the environment had weakened due to U.S. economic uncertainty. Julian Satterthwaite reports.

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.

Delta Air Lines stock falls, other airlines follow, as talk of a travel slowdown compounds economic fears

U.S. airline stocks are tumbling today after Delta Air Lines (NYSE: DAL) issued revised guidance for its first quarter. The carrier said it now expects total revenue, operating margins, and earnings per share to be below what it initially forecasted for Q1 2025. Here’s what you need to know. Delta Air Lines revises its Q1 2025 forecast Yesterday, Delta Air Lines filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC), notifying t…