Consumer softness? Airlines aren't seeing the demand they expected

“The expected strong demand for December materialized below expectations”

That's what JetBlue said today, leading to a slump in airline shares today.

Yesterday airlines also fell after the CPI report showed falling prices in the month, another sign of softening demand.

The picture isn't clear though with Delta yesterday forecasting a 15-20% jump in 2023 revenue.

The first half of 2023 will be all about threading the needle: The market won't hate signs of demand falling enough to halt inflation but if the pendulum swings too far towards a recession there will be demand fears.

/US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term