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