Delta had been expecting a record year. Then a trade war broke out

FILE – A Delta Air Lines plane takes off from Hartsfield-Jackson Atlanta International Airport, Nov. 22, 2022, in Atlanta. (AP Photo/Brynn Anderson, File)
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Conditions have deteriorated with a trade war leaving consumers and businesses unsure about what comes next

 

By MICHELLE CHAPMAN, Associated Press Business Writer

Delta Air Lines, which believed as recently as January that it was on track for its best financial year in company history, said Wednesday that disruptions in global trade have created such enormous uncertainty that it scratched its performance expectations for 2025.

It is a remarkable walk-back for the nation’s most profitable airline, and other companies are following suit. Hours after Delta remove its guidance for the year, Walmart dropped the first quarter operating profit guidance it had provided to investors, citing tariff risks.

Delta is cutting its flight schedule in anticipation of a slowdown in spending as businesses and households brace for higher prices.

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