Source: International Business Times
A Delta Airlines plane shown near Los Angeles International Airport (LAX) in August 2023 AFP Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and whipsawing trade wars. The company is among the first to report its quarterly results since President Donald Trump's "Liberation Day" announcement of major tariffs on US trading partners that has roiled global markets. The big US carrier's first-quarter profits edged above those in the year-ago period, but executives said they were adjusting strategy to fly fewer planes due to a more meager consumer environment in light of shifting tariff dynamics.
