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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Airline CEOs warned Wall Street on recent earnings calls that domestic travel demand
00:06is falling short of forecasts set earlier this year, according to CNBC.
00:10Tech have cited economic uncertainty, volatile markets, and Trump shifting
00:13terrorist policies as major factors dampening consumer appetite for vacations.
00:18Airlines are scaling back their capacity growth plans,
00:21pulling financial forecasts, and cutting fares to fill seats.
00:24Airfare dropped 5.3% in March compared to last year,
00:27according to the Bureau of Labor Statistics data.
00:29Corporate travel growth is also stalled.
00:31For all things money, visit Benzinga.com slash GSTV.