The travel and tourism industry is one area of the U.S. economy that has been doing quite well since the pandemic started.
On Tuesday, March 11, the S&P 500 fell by 0.8% as investors took in the recent changes in trade policy.
At midday, U.S. stocks were generally down due to ongoing concerns about new tariffs and the state of the economy.
DAL has reduced its forecast for adjusted earnings per share in the first quarter of 2025 to between 30 and 50 cents, down from the earlier estimate of 70 cents to $1 per share.
Delta has reduced its forecasts due to falling consumer confidence, while Elon Musk from Tesla is facing pressure from various directions. Here are some more updates to kick off your day.
Delta Air Lines, Inc. (NYSE:DAL) will participate in the J.P. Morgan 2025 Industrials Conference on March 11, 2025, at 7:30 AM ET. The company representatives include Julie Stewart, Vice President of Investor Relations, Ed Bastian, CEO, Glen Hauenstein, President, and Dan Janki, CFO. Conference call participants will feature Jamie Baker from JPMorgan and Mark Streeter, Managing Director at J.P. Morgan.
U.S. airline stocks are falling today after Delta Air Lines (NYSE: DAL) updated its predictions for the first quarter. The airline announced that it now anticipates total revenue, operating margins, and earnings per share to be lower than its original estimates for Q1 2025.
Delta Air Lines Inc (NYSE:DAL) has lowered its profit and revenue expectations for the first quarter because of a drop in travel demand, causing its stock to fall over 7% on Tuesday. The airline now predicts earnings per share between $0.30 and $0.50, a decrease from the previous estimate of $0.70 to $1.
Delta Air Lines announced on Monday, March 10, that uncertainty in the economy has reduced demand in the domestic market. This information was shared in a press release before the airline's presentation at the J.P.
The airline based in Atlanta is the first major US airline to announce that increasing economic concerns for consumers and businesses are negatively impacting domestic travel.