Fear of Flying Reduces Airline Ticket Sales Following Recent Crashes

Recent aviation incidents, including a fatal collision involving an American Airlines flight and a non-fatal crash of a Delta flight in Toronto, have significantly impacted consumer confidence in air travel, leading to a decrease in ticket sales. Delta CEO Ed Bastian noted that these crashes have contributed to a notable pullback in both corporate and consumer travel, with many Americans now feeling anxious about flying. A survey revealed that 65% of Americans report increased anxiety over flying due to these events. Both Delta and American Airlines have adjusted their revenue growth forecasts downward, with Delta citing a 50% reduction for the quarter. The ongoing economic uncertainty is also affecting airline demand. American Airlines CEO Robert Isom emphasized the company's current focus on supporting the families of the victims from the recent incidents.