Frontier Airlines has followed Delta Air Lines in retracting its full-year forecast and reducing flight schedules as a response to diminished demand amid an “uncertain environment.”
“Our anticipated revenue growth has been negatively impacted due to a decline in demand in March, leading to widespread fare discounting and promotional activities across the sector, particularly affecting Frontier due to the close-in nature of our bookings,” the airline noted in a recent securities filing.
Frontier attributed the reduced demand to a fall in consumer confidence observed in March.
Airline leaders have reported a downturn in demand attributed to various factors, including President Donald Trump’s trade policies, an unclear economic horizon, declining consumer confidence, and widespread job losses due to government cutbacks.
Frontier Airlines is set to announce its financial results on May 1.
