Shares of major US carriers experienced fell sharply yesterday following a profit forecast adjustment by Delta Air Lines and American Airlines
Delta Air Lines reduced its first-quarter profit forecast, leading to a 8.25% drop in its shares
Concerns arose from a broader market selloff linked to tariff jitters and fears of a recession impacting travel demand
American Airlines increased its expected first-quarter adjusted loss, reflecting a deteriorating outlook for the airline industry, resulting in a share price drop of 7.3pc.
The upcoming JP Morgan Industrials Conference will provide updates from airlines regarding current demand patterns and financial expectations
