Delta Warns of U.S. Shutdown's Impact on 1Q Demand

The transcript discusses Delta's earnings, which beat estimates despite lowered expectations due to a revenue warning. It highlights challenges in pricing power, with Delta expecting minimal growth. External factors like Easter timing, foreign exchange, and the government shutdown are impacting revenue. There's a debate on whether airlines can add capacity and still increase fares, with investors skeptical about pricing power improvements. The discussion suggests reducing capacity to maintain fare increases, a recurring issue in the airline industry.

What historical pattern does the speaker refer to regarding airlines adding capacity?

What are investors currently concerned about in relation to Delta Airlines' pricing power?