Airline shares fall after carriers cut forecasts

Shares of airline companies fall premarket, after carriers cut forecasts amid concerns over tariff pressures and government spending uncertainties

Delta Air Lines DAL.N slashed Q1 profit estimates by half on Monday, becoming the first major U.S. carrier to report that mounting economic worries among consumers and businesses are hurting domestic travel

Southwest Airlines LUV.N cuts Q1 unit revenue growth forecast, but shifts to paid baggage policy to lift earnings, sending its shares up 6% premarket

American Airlines AAL.O also forecasts a bigger first-quarter loss

DAL down 6.6%, United Airlines UAL.O falls 4.7%, American Airlines drops 3.5%

Analysts at Jefferies say a cut to Delta's earnings estimate was anticipated, but the magnitude is more severe

DAL down 16.8% so far in 2025, UAL has lost 20% and AAL has declined 28.3%