UBS analysts have revised their outlook for several major U.S. airlines, downgrading their ratings amid fears of an economic downturn triggered by the Trump administration’s tariffs. According to a report by Yahoo Finance, Delta Air Lines (DAL), Alaska Air Group (ALK), and United Airlines (UAL) have all been downgraded from “buy” to “neutral” due to potential risks in international and premium segments.

UBS has maintained “neutral” ratings for other U.S.-based carriers such as American Airlines (AAL), Southwest Airlines (LUV), Frontier Group Holdings (ULCC), and Allegiant Travel (ALGT), while JetBlue Airways (JBLU) received a “sell” rating. The price targets for these airlines have been significantly reduced, with Delta’s target slashed to $42 from $77, and United’s to $59 from $107.

As airlines prepare to release their quarterly results, starting with Delta on Wednesday, UBS analysts anticipate that some companies may suspend their full-year projections due to the prevailing economic uncertainties. Several airlines have already adjusted their first-quarter revenue forecasts.

In a related development, Spirit Airlines announced the immediate resignation of its CEO Ted Christie as part of an executive restructuring, following the airline’s recent exit from bankruptcy.

Source: IndexBox Market Intelligence Platform