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.
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Total News Sources11
Leaning Left0Leaning Right5Center1Last UpdatedBias Distribution83% Right
Bias Distribution
- 83% of the sources lean Right
83% Right
C 17%
R 83%
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