Alaska Airlines CFO Flags Softening Demand As Airlines Slash Ticket Prices – 'We Have Seen Lower Fare Levels Being Booked'
Is a recession quietly taxiing down the runway? In March, airfare prices dropped 5.3% year-over-year, the sharpest decline in nearly four years, according to the Bureau of Labor Statistics. The drop came as major U.S. airlines — including Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), United Airlines (NASDAQ:UAL), and Alaska Airlines (NYSE:ALK) — warned of weaker-than-expected demand, spurred by economic uncertainty, stalled business travel, and global volatility. Don't Miss: Hasbro,