Airline CEOs warn domestic travel demand is slowing and Small business is Growing Uncertain

[Zincwarrior]

Airline CEOs are warning of slowing demand. Meanwhile small businesses are aggressively raising prices and becoming more pessimistic.

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• Delta, American and Southwest have cut their first-quarter forecasts.
• Airlines have said economic weakness and uncertainty have driven down domestic travel demand.
• Government travel has also slowed, executives said.

Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand.

Ahead of a JPMorgan industry conference, American Airlines on Tuesday said it expects to lose between 60 cents a share and 80 cents a share in the first three months of the year, a wider loss than the 20 cents to 40 cents a share it previously forecast. It said revenue would likely be flat on the year compared with a January estimate of a rise of as much as 5%.


American said in a securities filing that “the revenue environment has been weaker than initially expected due to the impact of Flight 5342 and softness in the domestic leisure segment, primarily in March,” referring to the deadly collision of one of its regional jets and an Army helicopter in Washington, D.C., in January.

Small-business people were jubilant over Trump’s victory in November. They’ve since grown very uncertain about the U.S. economy.​

Small businesses are aggressively raising prices, according to survey​

Small-business owners — a group that emphatically cheered the election of President Donald Trump and a Republican Congress — now are reporting near-historic levels of uncertainty about the future.

The National Federation of Independent Business reported that its small-business optimism index fell 2.1 points in February to a reading of 100.7.

The NFIB’s uncertainty index rose 4 points to 104, the second-highest reading ever, which in its current monthly form dates back to 1986.

 

[OhPleaseJustQuit]

Airline CEOs are warning of slowing demand. Meanwhile small businesses are aggressively raising prices and becoming more pessimistic.

Loading…

www.cnbc.com

Small-business people were jubilant over Trump’s victory in November. They’ve since grown very uncertain about the U.S. economy.​

Small businesses are aggressively raising prices, according to survey​

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Nobody ever said it wasn't going to hurt some.

Those with brains are prepared.



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[Votto]

Airline CEOs are warning of slowing demand. Meanwhile small businesses are aggressively raising prices and becoming more pessimistic.

Loading…

www.cnbc.com

Small-business people were jubilant over Trump’s victory in November. They’ve since grown very uncertain about the U.S. economy.​

Small businesses are aggressively raising prices, according to survey​

One plane flight is equivalent to one year driving and SUV in terms of carbon emissions

So, if plane rides are down, sounds like Trump is saving the planet.