Delta Air Lines became one of the largest American companies on Wednesday to warn that President Trump’s escalation weighed on his activities and the world economy.
In an interview with CNBC on Wednesday, Delta Director of Delta, Ed Bastian, said that a recession was possible when companies fell.
“Everyone is prepared for uncertainty,” he said, “if it continues, and we are not soon getting the resolution, we will probably find ourselves in a recession.”
Airlines are very sensitive to changes in the economy, as plane trips are among the first things that individuals and businesses can reduce when they worry about their pay checks or their profits.
Mr. Bastian expressed his shock at the speed at which trade tensions had removed the wind from the economy.
“We are in an unexplored and unprecedented uncertainty, when you look at what happened and the pivot so quickly to this self-inflicted situation,” he said.
Mr. Bastian’s comments are in contradiction with those of the Treasury Secretary, Scott Bessent, who said on Wednesday that the leaders of management told him that the economy was solid.
In his profits statement in the first quarter, Delta said she no longer expected her activities to develop in the second half and added that a lack of clarity on the economy prevented him from telling investors how much he expects to win this year.
Bastian said summer reservations were in accordance with last year. Some customs data show a sharp drop in foreigners entering the United States. Bastian said that around 80% of Delta’s international reservations were made in the United States. “American consumers are looking to go somewhere, especially to try to get a stay of all the madness we are experiencing,” he said.
Delta’s shares fell by around 40% this year.
