Delta CEO warns of US economic slowdown amid trade tensions
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Delta Air Lines CEO Ed Bastian expressed alarm over the rapid economic downturn fueled by trade tensions, contradicting Treasury Secretary Scott Bessent's optimistic assessment. Delta revised its growth forecast, citing uncertainty and a lack of economic clarity. While summer bookings are comparable to last year, international arrivals in the US have significantly decreased, impacting Delta's international bookings, which are largely domestic. Bastian attributes the economic slowdown to a 'self-inflicted' situation.
Delta Air Lines CEO Ed Bastian expressed alarm over the rapid economic downturn fueled by trade tensions, contradicting Treasury Secretary Scott Bessent's optimistic assessment. Delta revised its growth forecast, citing uncertainty and a lack of economic clarity. While summer bookings are comparable to last year, international arrivals in the US have significantly decreased, impacting Delta's international bookings, which are largely domestic. Bastian attributes the economic slowdown to a 'self-inflicted' situation.
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