Overview

• American, Southwest, Delta, and Alaska Airlines have withdrawn their full-year 2025 financial guidance, citing an unpredictable economic environment.
• Domestic leisure travel demand has dropped significantly since February, with price-sensitive travelers cutting back on bookings.
• President Trump’s tariffs and trade tensions have created unprecedented uncertainty, impacting consumer confidence and travel spending.
• Carriers have revised second-quarter forecasts, projecting flat to declining revenue and earnings below Wall Street estimates.
• Airlines are implementing capacity reductions and cost-control measures, with United issuing dual profit scenarios to navigate potential recession risks.