Delta Airlines has pulled a public financial metrics report as President Donald Trump’s tariffs contribute to waning bookings. CEO Ed Bastian said the levies were “the wrong approach,” as the company stated Wednesday it expects revenue to slump up to 2 percent in the second quarter. The company is expected to post a profit overall this year, however. Delta pulled its full-year financial guidance after already confirming targets in an investor meeting in March. “In the last six weeks, we’ve seen a corresponding reduction in broad consumer confidence and corporate confidence,” Bastian told CNBC. And while overall demand was actually “quite good” in January, interest “really started to slow” in mid-February. Trump cuts and market factors contributed to this slump, he said. In Wednesday’s earnings release, he added: “With broad economic uncertainty around global trade, growth has largely stalled.” Bastian had earlier predicted 2025 would be the “best financial year in our history” before consumer confidence took a battering due to a series of high-profile plane collisions and turmoil at the Federal Aviation Administration which set in following federal workforce cuts.
