Delta Air Lines and United Airlines have accounted for most of the industry’s profits since 2022. Their appeal to wealthy travelers could become a liability if the economy weakens.
Delta Air Lines and United Airlines have invested in attracting affluent travelers. Delta has said most of its revenue comes from households earning at least $100,000 a year.
JPMorgan Chase reported blockbuster results yesterday. But its chief executive, Jamie Dimon, is worried about finding a “cockroach” or two in the financial system, he said.
Jamie Dimon of JPMorgan Chase at the bank’s new headquarters in New York last month. “The U.S. economy generally remained resilient,” he said in an earnings release on Tuesday.
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