The travel industry’s post-pandemic recovery could face headwinds as the nation’s Big Three airlines—Delta, United, American—and several smaller carriers lowered their first-quarter earnings outlook due to “macro uncertainty” in the global economy, analysts and industry insiders say.
Delta Airlines presented its revised March outlook, previously provided on Jan. 10, during the highly watched J.P. Morgan Industrial Conference in New York City on March 11. During the conference, Delta CEO Ed Bastian told investors the industry was facing temporary disruption due to weaker travel demand.
