Now add this, we’re not just talking about people on the margins sounding the alarm. The CEOs of JPMorgan, BlackRock, Pershing Square, and even Stanley Druckenmiller are publicly warning that these tariffs are reckless, inflationary, and risking a full-blown recession.
They’re not liberals or internet pundits, hey’re the backbone of U.S. capital markets. When people like Jamie Dimon, Larry Fink, and Bill Ackman break ranks and speak out, it’s because the policy is doing damage even they can’t hedge away from.
And if Mr. T continues to ignore it that doesn’t mean the policy is “tough” or “working.” It just means the blast radius hasn’t reached your side of the runway yet.
UPDATE: By the numbers.
What the April 2025 Tariffs Are Doing to U.S. Airlines
1.- On April 2, 2025–T Day–the White House slapped a 10% tariff on all imports. No exemptions, no ramp-up. For the airline industry, it hit like a crosswind on short final.
2.- Within hours, costs started climbing, stocks started wobbling, and folks began rethinking those big international summer plans.
3.- By T+6 (April 8), every major U.S. carrier has felt the heat:
- Delta, United, and American got hammered—earnings cut, international bookings down.
- Alaska and Southwest? Mostly domestic, but even they’re watching costs spike.
- JetBlue and Hawaiian? Caught between fuel, labor, and long-haul demand drop-offs.
- Spirit and Frontier? Low-cost flyers are already flinching at fare hikes.
4.- Then came the kicker: no more duty-free aircraft parts. That’s maintenance budgets blown, timelines thrown off, and parts supply chains jammed up.
5.- Boeing’s stock dropped hard. Howmet, a major supplier, sent up warning flares. Airlines are now redrawing summer routes, cutting fat, and bracing for impact.
6.- And passengers? They’re watching. “Cancel international trip” became a top Google search. Domestic travel searches are up—but uncertainty is higher.
7.- No policy relief in sight. Fuel’s up. Parts are up. Labor’s tight. And the industry? Running leaner than it has in years.
8.- We’re not just flying into headwinds—we’re already at low power, with rising temps and nowhere to climb.
9.- Status of the U.S. Airline Industry: BAD.