Demand is down so much that Delta had to cut their Q1 earnings forecast in half in Mid-March! American had to double their loss forecast!

Cutting your profit forecast in half is a big issue.

Cutting it in half in Mid-March means that the big drop in demand came midway through the quarter. Had this demand drop been the entire quarter, Delta would have a loss for Q1 and American’s loss would be even more.

This isn’t fear mongering. These are facts.