Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Delta, American Airlines see demand slow - and fear is to blame
The Street
Follow
3/12/2025
Caroline Woods brings you the biggest news of the day, including why airlines are seeing less demand from flyers.
Category
🥇
Sports
Transcript
Display full video transcript
00:00
Travel demand is down and while there are a host of factors contributing to the pullback,
00:04
one stands out more than the rest, fear. After a fatal American Airlines crash in January and
00:10
a Delta flight flipping upside down upon landing in February, flyers are opting not to fly.
00:16
Speaking at the JPMorgan Chase Investor Conference, Delta CEO Ed Bastian said,
00:21
we saw a pretty immediate stall in both corporate travel and bookings,
00:25
consumer confidence and certainty in air travel started to wane a little bit as
00:29
questions of safety came in. Now Bastian did not reveal just how much ticket sales have slowed.
00:35
American Airlines was forced to cut its revenue outlook for the quarter in the wake of a fatal
00:40
crash in Washington, D.C. The airline expected a three to five percent increase from a year ago,
00:45
but now expects revenue to remain flat. But CEO Robert Isom said fear isn't the only reason for
00:52
the slowdown. He said economic uncertainty is also playing a big part in the falling demand.
00:58
The National Transportation Safety Board has yet to determine causes for either crash.
01:03
That'll do it for your daily briefing. From the New York Stock Exchange,
01:06
I'm Caroline Woods with The Street.
Recommended
5:22
|
Up next
Will Mamdani’s Proposed Millionaire Tax Save Or Sink New York City?
Forbes
today
0:49
Sam Altman Warns Users Not To Blindly Trust ChatGPT Despite Its Rising Fame
Benzinga
yesterday
0:57
Microsoft Urges Employees to Embrace In-House AI — Performance Reviews May Reflect Usage
Benzinga
yesterday
1:02
Elon Musk Calls Trump-Backed Senate Bill 'Insane,' Warns It Will 'Destroy Millions of Jobs'
Benzinga
yesterday
14:31
WallStreetBets to Wall Street Wisdom: One-on-One with Jaime Rogozinski
Cheddar News
yesterday
0:22
Bezos-Sanchez Wedding Brings in $1.1B for Venice
Cheddar News
yesterday
0:25
China's Largest Coffee Chain Opens First U.S. Locations
Cheddar News
yesterday
16:23
Musk Fires Top Tesla Exec Amid Plunging Tesla Sales in Europe & China
Forbes
yesterday
25:04
He Built A $800 Million Cannabis Business—Now He’s Tackling the Blue-Collar Tech Gap with AI
Forbes
yesterday
1:23
Welcome to the brand new TravelHost
The Street
yesterday
1:27
Here's how consumers are really feeling about the economy
The Street
yesterday
1:01
Hackers target U.S. and Canadian airlines
The Street
yesterday
1:05
Hacker group ‘Scattered Spider’ targets U.S., Canadian airlines
The Street
yesterday
1:14
Canada rescinds Digital Services Tax
The Street
yesterday
1:18
Canada scraps Digital Services Tax after Trump threatens trade
The Street
yesterday
0:34
The top stocks in retail investors' portfolios right now
The Street
yesterday
1:04
Tariff deadline not likely to derail market rally, Dan Ives says
The Street
yesterday
2:23
Inflation is going to get worse
The Street
4 days ago
1:49
Investors are feeling better about the market even as risks loom
The Street
4 days ago
11:40
Dan Ives makes bold tech prediction as AI boom enters 'second inning'
The Street
4 days ago
2:28
The latest inflation report was hotter than expected, and it’s going to get worse
The Street
4 days ago
0:57
Tariffs cost Nike $1 billion
The Street
4 days ago
1:02
Nike reveals how much tariffs actually cost the company
The Street
4 days ago
0:40
Microsoft’s AI lead could make it a $5 trillion company, Dan Ives says
The Street
5 days ago
1:38
Microsoft could hit $5 trillion thanks to AI, Dan Ives says
The Street
5 days ago