A Delta Airlines and American Airlines plane are visible at Ronald Reagan Washington National Airport in Arlington, Virginia on July 1, 2023.
Stefani Reynolds | AFP | Getty images
Airlines reduce their estimates of profits and sales in the first quarter, warning that a lower economic context weighs on travel demand.
Before a jpmorgan industry conference, American airlines On Tuesday, he said that he expects to lose between 60 cents per share at 80 cents a share in the first three months of the year, a broader loss than the 20 cents to 40 cents the part she predicted previously. He said revenues would probably be stable compared to an estimate of January of an increase of 5%.
American declared in a deposit of securities that “the income environment had been lower than initially expected due to the impact of the flight 5342 and the sweetness of the domestic leisure segment, mainly in March,” referring to the deadly collision of one of its regional jets and an army helicopter in Washington DC in January.
The forecasts followed Delta airlines The reduction of its first quarter estimates after closing the market on Monday. Delta said that his prospects had been “affected by the recent reduction in consumer and businesses caused by an increase in macro’s uncertainty, which stimulates the sweetness of domestic demand”.
Airlines have extended their losses on Tuesday morning in pre-market trading on Tuesday morning, with Delta more than 8% and Americans dropped by almost 4%.
Southwest Airlines Also reduces its orientations on income, to increase the most 4%, against a forecast of 7% for the first quarter compared to last year.
In addition to leisure trips, carriers said they have also noted a sharp drop in government trips since the last Trump administration.
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