US EditionAirline stocks slide as concerns grow over consumers' travel appetite
- Airline stocks slid on Tuesday due to Wall Street's growing worries about weaker travel demand.
- Concerns about declining consumer confidence and potential tariffs are weighing heavily on the airline sector.
- A Bank of America Institute report noted a decline in travel card spending, possibly due to lower consumer confidence.
- The NYSE Arca Airline Index fell nearly 17% in Q1, and airline spending dropped 7.2% as of March 22.
- Jefferies downgraded several airlines, citing consumer sentiment, tariffs, and potential short-term pain for GDP-driven businesses.
13 Articles
13 Articles
Airline Earnings At Risk As Demand Dips Amid Weak Business Travel, Low Transborder Traffic, DOGE Cuts: Analyst Says - United Airlines Holdings (NASDAQ:UAL), Delta Air Lines (NYSE:DAL)
Demand in the airline sector weakened throughout the first quarter, with expectations of a tough earnings season featuring lower second-quarter forecasts and reduced 2025 earnings guidance. Airline stocks are down 24% year-to-date, and BofA Securities analyst Andrew G. Didora notes that demand recovery hinges on achieving macroeconomic stability. The positive outlook for the airline industry in 2024 was initially based on steady demand, but that…
US Airline Stocks Are Plummeting Amid Waning Demand—Should I Invest?
US airline stocks, including Delta Air Lines, American Airlines, United Airlines, and JetBlue Airways, tanked by over 22% in March amid declining consumer confidence, tariff uncertainty, and border policies. Fatal accidents, severe weather, the Los Angeles wildfires, recession fears, and a slump in government business are also factors that compelled several carriers to trim prices and available seating to compensate for falling demand. However, …
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