Virgin Atlantic warns that US travel demand is seeing some turbulence
British carrier Virgin Atlantic, which is 49% owned by Delta Air Lines, said it’s seeing signs that US travel demand is slowing down.
Though the carrier still expects to see US revenue rise this year on a capacity bump, investors quickly dumped shares of IAG, the parent company of rival British Airways.
The comments didn’t help things for the big four US airlines either, which are all trading down Monday. Delta, United Airlines, American Airlines, and Southwest Airlines have collectively lost more than $24 billion in market cap this year. Last week, the four stocks dumped another $5 billion as investors sold off shares on signs of travel dampening due to President Trump’s tariffs.
Waning UK travel mirrors data from last week that bookings for flights between the US and Canada are down up to 76%.
The comments didn’t help things for the big four US airlines either, which are all trading down Monday. Delta, United Airlines, American Airlines, and Southwest Airlines have collectively lost more than $24 billion in market cap this year. Last week, the four stocks dumped another $5 billion as investors sold off shares on signs of travel dampening due to President Trump’s tariffs.
Waning UK travel mirrors data from last week that bookings for flights between the US and Canada are down up to 76%.
