Southwest, American and Alaska were the latest airlines to express caution about the rest of the year amid flagging demand for domestic flights.
Southwest Airlines (LUV) CEO Bob Jordan said Thursday the drop-off in business detected in February was one the most pronounced he has seen. “That is a very rapid fall-off," he said on CNBC. "It’s probably the most that I have seen absent COVID."
The carrier believes economic unease, rather than Southwest's plans to charge baggage fees or assign customers seats, has weighed on sales, Jordan said.
“A lot of that is, I think, the consumer reaction to the tariffs," he said on CNBC: "Some of that could be front-running the tariffs in terms of spending money in other locations. So it could snap back.”
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