Major U.S. Airlines Cut Q1 Forecasts as Domestic Demand Weakens, Consumer Confidence Wanes

Benzinga

Major U.S. airlines cut first-quarter revenue and earnings forecasts amid weakening domestic demand and declining consumer confidence, according to Financial Times.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Major U.S. airlines cut first quarter revenue and earnings forecasts have been weakening domestic

00:06demand and declining consumer confidence, according to Financial Times. Airline executives

00:10from American, Delta, Southwest and United reported weakening demand due to reduced governmental

00:16travel and consumer uncertainty about the U.S. economy. The stock sell-off also pulled down

00:21leisure industry shares as investors assess broader consumer spending concerns.

00:26Declining air travel demand signals weakening U.S. consumer confidence.

00:29For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Recommended