A recession in the US airline industry is already underway, according to Southwest Airlines CEO Bob Jordan. Demand for domestic leisure travel has plummeted more than during the pandemic. The company expects a 6% decline in second-quarter revenue, following a 3% drop in the first quarter.
Source: https://www.bloomberg.com/news/articles/2025-04-24/southwest-ceo-says-us-airline-industry-is-already-in-a-recession