The biggest US airlines have warned of a slowdown in domestic demand, prompting some of them to slash their revenue and earnings expectations for the first quarter in the latest sign of waning consumer confidence.
Executives at American Airlines, Delta Air Lines, Southwest Airlines and United Airlines on Tuesday acknowledged a softening in demand, spurred by a reduction in travel by government workers and consumer uncertainty about the US economic outlook.
The note of caution, coupled with several carriers trimming their financial guidance, triggered a sell-off in most airline stocks.
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