Major US Airlines Reduce Flights As Tourism Sags

Reuters reports:

U.S. airlines were flying high less than two months ago on talk of a new golden age, as strong travel demand and tight industry-wide capacity raised the prospect of a multi-year profit boom.

But President Donald Trump’s broad tariffs and a crackdown on government spending have upended that optimism. Tourists and companies have reduced spending amid rising economic uncertainty, forcing carriers to cut their first-quarter profit forecasts. Shares of Delta and United Airlines have fallen about 20% each this year.

With demand slowing, airlines have started culling flights to avoid lowering fares and to protect margins. Frontier, Delta, United, American Airlines, JetBlue and Allegiant all trimmed their April-June quarter capacity in the past two weeks.

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Hopes of strong travel demand and a multi-year

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