Airlines face investors after strong— but cheaper — July 4 holiday
1. Domestic airfare is down 3% this summer, impacting airline revenues. 2. Airlines plan to cut unprofitable flights amid lowered demand forecasts. 3. An 11.8% decline in air travel spending signals cautious consumer behavior. 4. International fares have also decreased, affecting cross-border travel revenues. 5. The airline industry continues to face a weak demand outlook for 2025.