World News

U.S. airports up forecast losses this year to $5.7 bln on sagging travel demand

WASHINGTON (Reuters) – A group representing major U.S. airports on Friday revised upward its forecast for estimated losses this year to $5.7 billion after President Donald Trump instituted new European travel curbs and as flight reductions rose.

Airports Council International-North America on Thursday had forecast losses $3.7 billion before Delta Air Lines <DAL.N> said it was planning to cut 40% of its flights in the coming months. The group said it expects “this latest estimate to grow, as well, as bookings and other travel-related activity continues to drop.”

(Reporting by David Shepardson; Editing by Leslie Adler)