Airlines see lower customer demand, cut back financial expectations
- Several U.S. Airlines, including Southwest, American, and Delta, lowered their financial expectations due to decreased consumer demand and economic uncertainty.
- Southwest's revenue growth prediction for the first quarter was revised to 2-4%, lower than its earlier forecast of 5-7%.
- American Airlines acknowledged that the revenue environment was weaker than expected due to reduced domestic leisure travel.
- Delta now anticipates a 3-4% revenue growth increase instead of the previously expected 7-9%, attributing this to sluggish domestic demand.
12 Articles
12 Articles
Airlines see lower customer demand, cut back financial expectations — here are the companies hurting the most
Several major U.S. airlines dialed back their quarterly financial expectations as the industry contends with softer demand from economic uncertainty and other factors.
Airlines see lower customer demand, cut back financial expectations
Several major U.S. airlines dialed back their quarterly financial expectations as the industry contends with softer demand from economic uncertainty and other factors. Southwest, American and Delta were among the carriers to announce changes to their guidance.Southwest said its revenue per available seat mile was now expected to go up 2-4% in the first quarter, a lower forecast than the 5-7% growth it had previously predicted."Compared with the …
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