Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending

• US airlines’ warnings of lower demand cast shadow over economic outlook

  American, Delta and Southwest trim financial guidance on corporate and consumer softness
  
  Financial Times - 6h

• Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower

  Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.
  
  CNBC - 1d

• Delta cuts its once-rosy outlook. Here’s what’s worrying the airline.

  Shares of Delta Air Lines Inc. dropped more than 9% after hours Monday after the airline slashed its current-quarter estimates, seeing trouble ahead for demand for its domestic flights.
  
  MarketWatch - 1d

• Here’s how ‘DOGE’ cuts, safety fears and a slowing economy are combining to hurt airlines

  American Airlines now sees a much bigger Q1 loss, and Southwest said less government travel hurt revenue.
  
  MarketWatch - 13h

• Jim Cramer's top 10 things to watch in the stock market Tuesday

  Delta and American both cut their earnings forecasts. Oracle showed the data-center buildout is continuing.
  
  CNBC - 16h

• NOAA and National Weather Service job cuts raise concerns about forecasts

  A hurricane modeling specialist fired from the National Weather Service said progress on forecast accuracy may "go backwards" if job cuts continue.
  
  CBS News - 10h
• 

  Delta Says Economic Worries Are Hurting Travel Demand

  The airline lowered its financial forecast for the first quarter as economic anxiety hurts demand for tickets.
  
  The New York Times - 1d

• American travelers are booking fewer domestic flights in another warning sign for the economy

  Americans’ spending worries and shortcomings are translating into turbulence for major airlines, and coming at a time where recession fears are growing.
  
  MarketWatch - 7h

• Fintech stocks plummet as Wall Street worries about consumer spending, credit

  Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022.
  
  CNBC - 1d

More from The New York Times

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  Southwest Airlines Will Begin Charging for Checked Bags, Ending a Beloved Policy

  Customers with the highest loyalty status will be spared from the fee, but others will have to pay for checked bags for flights booked from May 28.
  
  The New York Times - 11h
• 

  Nissan, Facing Mounting Challenges, Replaces Its C.E.O.

  The automaker said on Tuesday that Makoto Uchida would step down. The company has said it would slash global production capacity and cut thousands of jobs.
  
  The New York Times - 11h
• 

  Who Likes Tariffs? Some U.S. Industries Are Eager for Them.

  Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.
  
  The New York Times - 1d
• 

  Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff

  President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
  
  The New York Times - 1d
• 

  Undocumented Workers, Fearing Deportation, Are Staying Home

  Fearing roundups, many immigrants are staying home. Construction, agriculture, senior care and hospitality employers say labor shortages will worsen.
  
  The New York Times - 1d

More in Business

• People 'underestimate' the importance of Chinese President Xi's entrepreneur meeting: Alibaba's Tsai

  Alibaba Chairman Joe Tsai said Chinese President Xi Jinping's meeting with entrepreneurs boosted confidence and has been underestimated.
  
  CNBC - 7m

• Trump's 25% tariffs on steel and aluminum imports take effect

  U.S. President Donald Trump's 25% tariffs on steel and aluminum imports came into effect Wednesday.
  
  CNBC - 8m

• Ray Dalio warns a severe U.S. supply-demand debt problem could lead to 'shocking developments'

  Bridgewater founder Ray Dalio on Wednesday warned that a "very severe" supply-demand problem regarding U.S. debt could lead to shocking developments.
  
  CNBC - 10m

• Asia-Pacific markets mostly rise despite tariff uncertainty and recession fears in the U.S.

  Economists polled by Reuters expect India's inflation rate to slow to 3.98% in February from 5.68% in January.
  
  CNBC - 16m
• 

  PwC cuts record number of UK partners and halts tech apprenticeship scheme

  Moves come as consultants strain to protect annual profit pool of close to £1mn per partner
  
  Financial Times - 17m