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Airline CEOs warn domestic travel demand is slowing

A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a JPMorgan industry conference,…

Airline stocks tumble amid economic concerns

United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024.  Jakub Porzycki | Nurphoto | Getty Images U.S. airline stocks tumbled to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending. The moves…