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Delta CEO: Turbulence on trade policy caused pullback in confidence
CNBC Televisionยท 2025-07-10 12:29
Financial Performance - Delta Airlines Q2 earnings beat expectations, although expectations had been lowered [1] - Full-year guidance is now $525 to $625, lower than the initial expectation of at least $735 in January [1] Market Trends & Industry Dynamics - Main cabin demand is down 5%, indicating price sensitivity among customers [3] - Industry capacity in the main cabin domestically is expected to decrease significantly starting in August [3] - Delta plans to keep domestic capacity flat to down, focusing growth on international routes and premium cabins [5] - Europe has been a strong market, but a weak dollar and negative tourism headlines are having a modest impact [5][6] - Inbound travel from Europe to the US represents 20% of the mix, which can be offset by increased American outbound travel [7] Future Outlook - Fall bookings for international travel look strong, suggesting a seasonal shift in travel patterns [9] - International travel remains a key area for future growth [9]