Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

Delta Air Lines won’t expand flying in the second half of the year because of disappointing bookings amid President Donald Trump’s shifting trade policies, which CEO Ed Bastian called “the wrong approach.”

Delta on Wednesday forecast its second-quarter revenue to decline up to 2% or grow as much as 2% over last year, while Wall Street had been expecting growth of 1.9%. The airline expects adjusted earnings per share of $1.70 to $2.30, compared with analysts’ estimates of $2.23 a share.

The carrier also said it is too early to update its 2025 financial guidance, a month after it confirmed the targets at an investor conference, though Delta said Wednesday it still expects to be profitable this year. Last month, Delta cut its first-quarter earnings outlook, citing weaker-than-expected corporate and leisure travel demand.

It is a shift for Delta, the most profitable U.S. airline, which started 2025 upbeat about another year of strong travel demand, with Bastian predicting it would be the “best financial year in our history.”

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