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International Business Times

Business

Delta To Trim Capacity In Light Of Weakening Travel Demand

Delta Ed Bastian Delta Air Lines Airbus Donald Trump United States Europe Recession

A Delta Airlines plane shown near Los Angeles International Airport (LAX) in August 2023 (Credit: AFP)

Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and whipsawing trade wars.

The company is among the first to report its quarterly results since President Donald Trump's "Liberation Day" announcement of major tariffs on US trading partners that has roiled global markets.

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