Airlines Face Weak Demand Amid Economic, Safety Concerns
U.S. carriers initially anticipated a strong first quarter, but Delta Air Lines CEO Ed Bastian admitted Tuesday that projections were off, ABC New reported.
Major U.S. airlines are warning of weaker-than-expected demand this spring, citing economic uncertainty and a sharp decline in government and corporate travel following two major aviation incidents earlier this year, ABC News reported.
U.S. carriers initially anticipated a strong first quarter, but Delta Air Lines CEO Ed Bastian admitted Tuesday that projections were off. Speaking at the J.P. Morgan Industrials Conference in New York, executives from Delta, Southwest, United, and American indicated concern about domestic bookings.
Airline officials pointed to two major accidents that have shaken consumer confidence.