Wealthier Americans Pull Back On Travel Plans

Even affluent consumers are scaling back their travel plans — a troubling signal for both the travel industry and the broader economy, Danielle Chemtob reported for Forbes Daily.

Airline stocks have stumbled in 2025, with several carriers pulling their guidance for the year following President Donald Trump’s “Liberation Day” tariffs. I Photo: Visit Austin

Credit card spending on airline tickets among individuals earning over $150,000 annually fell by 7% in growth over a little more than a month this spring, according to new data.

One industry analyst told Forbes this could serve as a “potential forward indicator,” since current spending tends to reflect future travel plans.

Airline stocks have stumbled in 2025, with several carriers pulling their guidance for the year following President Donald Trump’s “Liberation Day” tariffs. Forecasts for related sectors, including hotels, are also softening.