Translation: "Election Cycle and Travel Trends: Delta Air Lines Predicts Decline in the Fourth Quarter

Delta Air Lines forecasts a slight revenue decline for the upcoming fourth quarter of 2023 due to the imminent presidential elections. According to the company's president, Glen Hauenstein, a one percent drop in total revenue is expected compared to the same period last year. The planned election between Vice President Kamala Harris and former President Donald Trump on November 5 is causing a temporary hesitation in flight bookings, which should recover after the elections, especially during the holiday season. In the third quarter, Delta already recorded a 26 percent decline in earnings. One reason for this was a technological failure at CrowdStrike in the summer, which led to the cancellation of numerous flights. Delta's CEO, Ed Bastian, noted that the traditional uncertainty surrounding national elections delays consumer investment decisions. These uncertainties could also impact the travel industry. Historical data and expert opinions confirm this trend: declines in travel bookings are not uncommon in election years. Previous analyses by Virtuoso and expert interviews highlight a slowdown in the U.S. travel market during such periods. Nevertheless, the travel company remains optimistic and anticipates a successful year-end thanks to increased holiday bookings and greater pricing power.