Summary: Southwest Airlines CEO Bob Jordan declared a recession in the US airline industry due to a significant drop in domestic leisure travel demand. Southwest expects a 6% revenue decline in Q2, following a 3% decline in Q1. Other airlines, including American Airlines, Delta Air Lines, and Frontier Airlines, have also pulled their 2025 guidance due to economic uncertainty and waning consumer confidence.

Link: https://www.straitstimes.com/business/companies-markets/southwest-ceo-says-us-airline-industry-already-in-recession