Airline CEOs warned Wall Street on recent earnings calls that domestic travel demand is falling short of forecasts set earlier this year, according to CNBC. Executives cited economic uncertainty, volatile markets, and Trump’s shifting tariff policies as major factors dampening consumer vacation appetite. Airlines are scaling back their capacity growth plans, pulling financial forecasts, and cutting fares to fill seats. Airfare dropped 5.3% in March compared to last year, according to Bureau of Labor Statistics data. Corporate travel growth has also stalled.