Investment analysts have sharply downgraded 2026 revenue forecasts for US airlines ahead of the earnings season. Credit card spending on air travel began to fall in late March according to J.P. Morgan Chase data. Delta has prepared to report first quarter results on 8 April with other major carriers following later in the month.
The revisions have reflected broader economic uncertainty and softening demand indicators. Carriers have continued to manage capacity and ancillary revenues in response. The outlook has remained cautious for the full year.
