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 - 7h

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 - 14h

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

Southwest Airlines to start charging for checked bags

On May 28, Southwest Airlines will start charging most of its customers for checked bags for the first time in its history. Flyers who are part of the company's A-List Preferred program and those ...

CBS News - 13h

Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

It’s happening: Southwest Airlines will start charging passengers to check bags for the first time.

NBC News - 18h

Airline stocks fall as possible economic 'soft patch' raises demand concerns

U.S. airline stocks tumbled Tuesday to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending.

NBC News - 17h

Why Southwest Airlines is changing its checked bag policy

Southwest Airlines is changing its "bags fly free" policy in hopes of attracting customers to sign up for the Southwest-branded credit card. CBS News' Janet Shamlian reports.

CBS News - 12h

Why 'excessive heat warnings' won't be part of the forecast

It may be hard to think about sweltering temperatures in early March but excessive heat watches and warnings are getting a new name.

The Hill - 12h

Southwest Airlines ending free checked bags policy for many passengers

Southwest Airlines is ending its free checked bags policy for many passengers. Some experts think customer loyalty could suffer.

CBS News - 16h

Bags fly free no more: Southwest Airlines to end free checked luggage policy

Southwest Airlines will no longer allow bags to fly free. The airline announced Tuesday it will begin charging some customers who check baggage in May.

The Hill - 17h

Southwest Airlines to start charging for checked bags for the first time

In a major policy shift, Southwest Airlines will begin charging for some checked bags starting May 28. This marks the first time in the airline's 54-year history that passengers will face baggage ...

CBS News - 17h

Federal judges raise alarm about security threats and impeachment calls

Two senior federal judges on Tuesday raised the alarm about the increase in violent threats against members of the judiciary and expressed concerns about calls to impeach judges over the rulings ...

NBC News - 11h

Man accused of violent assault on American Airlines flight from Wichita to D.C.

A Texas man has been arrested by the FBI for an alleged assault against multiple people on an American Airlines flight exactly five weeks after another American Airlines flight crashed while ...

CBS News - 14h

Southwest Airlines Just Announced an End to Its Most Beloved Perk. It’s Truly the End of an Era

After five decades, the airline is eliminating free checked bags for most passengers.

Inc. - 18h

How the gold bullion boom sent a US recession alarm blaring

Gold-adjusted GDP forecasts. Really!

Financial Times - 1d

Southwest Airlines as we know it is over. Here's what's changing, from bag fees to basic economy

Southwest will start charging customers to check bags, launch basic economy tickets in a bid to drive up revenue.

CNBC - 12h

Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

Southwest is getting rid of its policy for free checked bags, ending a more than 50-year perk.

CNBC - 9h

Man assaults 2 people on American Airlines flight, says he was 'mad' at Trump: FBI

A Texas man was arrested for violently assaulting a flight attendant and a passenger while on board an American Airlines flight earlier this month, according to the FBI.

ABC News - 12h

Consumer outlook sinks as recession fears take hold

Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.

CNBC - 15h

Trump administration's funding, staff cuts spark concerns over Colorado River

Federal funding freezes and staffing cuts are setting off alarms about the future of the Colorado River, a critical artery that supplies water to some 40 million people in 30 tribes and seven ...

The Hill - 2d

Consumer prices fell in China in February and remain flat in a sluggish economy

Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday

ABC News - 2d

Americans are spending more and more time at home

COVID-19 spurred more Americans to stay home. But this trend didn't start or end with the pandemic, research shows.

CBS News - 1d

Trump’s Cuts to Federal Work Force Push Out Young Employees

The loss of early career workers has raised concerns about the impact on the next generation of civil servants.

The New York Times - 5d

How Americans are spending their retirements at sea

The U.S. is seeing a surge of retirements as more than 4 million people will turn 65 this year. Some are choosing a life at sea for their golden years. CBS News' Nancy Chen has more.

CBS News - 1d

House GOP budget plan would cut domestic spending by $13 billion

House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...

CBS News - 1d

GOP's Burchett berates CNN anchor over spending cuts coverage

Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...

The Hill - 8h

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 - 12h

Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend ...

NBC News - 13h

‘Game changer’: German spending plans lift bond market’s growth forecasts

Chancellor-in-waiting Merz’s promise to do ‘whatever it takes’ pushes Bund yields sharply higher in anticipation of more issuance

Financial Times - 3d

White House says Trump won't cut Social Security, Medicare after Musk remarks

The White House on Tuesday asserted President Trump would not cut Social Security or Medicare after tech billionaire Elon Musk's comments about the need to examine entitlement spending gained ...

The Hill - 14h