Airlines expected to cut 2025 outlooks as travel demand falters

Leslie Josephs - CNBC - 07/04
Wall Street analysts have slashed their price targets for U.S. airlines and downgraded ratings as concerns about travel demand grow.
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.
Joan Valls | Nurphoto | Getty Images

Waning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers pulling back on travel bookings. The worst stock market swoon since 2020. All are signs of concerns for the airline industry.

U.S. airlines will likely cut their 2025 outlooks when they report earnings starting this week, analysts say, pointing to cracks in demand for travel, which customers had prioritized even through years of inflation.

"Clearly, things are softer than they were in January," Raymond James analyst Savanthi Syth told CNBC.

Delt...
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