President Trump's newly announced tariffs have increased recession fears, triggering a sharp drop in travel company stocks and prompting Skift Research to revise its 2025 global travel growth forecast down to 2-5%. U.S. and European airlines were hit hard, with major carriers like United, Delta, and American seeing stock declines of at least 8%, as economic uncertainty continues to weigh on the industry. Meanwhile, airlines are falling behind on their goal of net zero emissions by 2050 due to slow progress in sustainable aviation fuel production, with the IATA blaming government inaction.

• Travel Stock Carnage and Our New – Lower – Forecasts
• U.S. Tariffs Cloud Airline Industry Outlook as Stocks Plummet
• Airlines Warn About Hitting 'Net Zero' Emissions Goal: 'We Are Being Let Down'

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