The airline industry is facing headwinds from economic recession fears, with Bank of America data showing lower-income household spending turning negative.
3 reports, 2 independent
Updated Jul 20
Gone quiet
- Reports
- 3
- Developments
- 2
- Repetition
- 67%
New informationRepeats or wire copies
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What happened
The airline industry is facing headwinds from economic recession fears, with Bank of America data showing lower-income household spending turning negative.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Both United Airlines and Delta Air Lines are currently focused on maximizing profits from their premium passenger base.Sub-event
Economic slump hits carriers as lower-income spending turns negative.1 source
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The entities involved
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United Airlines
American airline
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Delta Air Lines
airline in the United States (1929–present)
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Bank of America
American multinational banking and financial services corporation