Overview

• Delta Air Lines has withdrawn its full-year 2025 financial guidance, citing significant economic uncertainty and stalled growth linked to global trade tensions.
• The airline announced it will halt planned capacity expansion for the second half of 2025, revising growth expectations to remain flat compared to last year.
• CEO Ed Bastian attributed declining consumer and corporate confidence to the Trump administration's tariffs, which he described as 'the wrong approach.'
• Despite these challenges, Delta exceeded first-quarter earnings expectations with adjusted earnings per share of $0.46 and revenue of $12.98 billion.
• Bastian warned that prolonged economic instability could lead to a recession, as travel demand, particularly in domestic and main cabin markets, continues to weaken.