00:00It's Benzinga bringing Wall Street to Main Street.
00:02Airline CEOs warned Wall Street on recent earnings calls that domestic travel demand
00:06is falling short of forecasts set earlier this year, according to CNBC.
00:10Tech have cited economic uncertainty, volatile markets, and Trump shifting
00:13terrorist policies as major factors dampening consumer appetite for vacations.
00:18Airlines are scaling back their capacity growth plans,
00:21pulling financial forecasts, and cutting fares to fill seats.
00:24Airfare dropped 5.3% in March compared to last year,
00:27according to the Bureau of Labor Statistics data.
00:29Corporate travel growth is also stalled.
00:31For all things money, visit Benzinga.com slash GSTV.
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