Delta Withdraws Financial Forecast Amid Trump's Tariff Impact

Delta Air Lines has pulled its financial forecast for 2025 due to economic uncertainties linked to President Trump's tariff policies, which have resulted in a significant slowdown in travel demand. CEO Ed Bastian noted that rising economic uncertainty has impacted consumer and corporate confidence, leading to a reduction in both leisure and business travel bookings. The airline reported a first-quarter adjusted profit of 46 cents per share, exceeding expectations, but warned that second-quarter revenue could decline by up to 2%. Delta will not expand its flying capacity in the second half of the year as originally planned, reflecting a cautious approach amid declining consumer spending. While premium and international travel remains strong, overall demand has softened, contributing to a challenging outlook for the airline industry. Delta's shares have also seen a considerable drop, reflecting broader concerns in the market about airline profitability amidst these challenges.