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Americans Are Behaving As If They're Going Into a Recession, Delta CEO Says

Corporate and domestic leisure travel has stalled since late February, according to Delta, the first major airline to release earnings since widespread tariffs were announced.
Delta Air Lines CEO Ed Bastian expressed concerns that Americans are behaving as if they are entering a recession, despite strong consumer spending and a robust labor market, as reported by Investopedia. During Delta's Q2 earnings call, Bastian noted a shift in consumer behavior towards more cautious spending, with a noticeable decrease in demand for premium travel products. This observation comes amidst broader economic indicators showing resilience, such as a low unemployment rate and continued consumer expenditure. However, Bastian's comments reflect a cautious outlook, suggesting that underlying economic uncertainties may be influencing consumer confidence and spending habits.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/americans-are-behaving-as-if-theyre-going-into-a-recession-delta-ceo-says-11711319 ]