President Donald Trump’s tariffs and trade wars—and the uncertainty that has led to weaker U.S. consumer and business confidence—has seemingly put companies like Delta Air Lines into a tailspin.
The airline spooked investors when it cut expectations for first-quarter profits back in March and then, a month later, completely withdrew full-year guidance for 2025. Delta still anticipates reporting a profit this year, but CEO Ed Bastian warned that uncertainty around global trade made it “very difficult to predict what policies may look like over the course of the year.”
