Group 1 - The airline industry is facing significant challenges due to the escalating global trade war and President Trump's tariffs, which are expected to negatively impact travel demand [1][2] - Major US airlines, including Delta, American Airlines, and Southwest Airlines, have already reduced their revenue and profit forecasts for the first half of the year, citing decreased consumer and corporate confidence [2][4] - Delta Airlines reported a 13% decline in overseas bookings for the summer period compared to the previous year, while Accor's CEO noted a 25% drop in bookings from Europe to the US [3][5] Group 2 - The trade war and negative economic reports have led to a decrease in flight bookings, with Canadians canceling trips to the US in large numbers [5][6] - Air Canada has reduced its flights to popular US destinations such as Florida, Las Vegas, and Arizona by 10% [6] - New immigration regulations require Canadians and other travelers to register with US authorities for stays longer than 30 days, which may further impact travel demand [7]
Airlines bracing for turbulence as Trump tariffs threaten to hit travel demand