Airline stocks slide more as concerns grow over consumers' travel appetite
Group 1 - Airline stocks are experiencing a decline due to concerns over weaker-than-expected travel demand, looming tariffs, and a significant drop in consumer confidence [1] - Delta Air Lines shares fell approximately 5% after Jefferies downgraded the airline from "buy" to "hold" and reduced its price target to $46 [1] - Delta is expected to reduce its 2025 forecasts, with growing concerns about price-sensitive travelers, although it has been increasing revenue from higher-end cabins and its partnership with American Express [2] Group 2 - Delta Air Lines will kick off the U.S. airlines' earnings season by reporting its results next Wednesday morning [2]