One company’s example of how trade uncertainty is hurting the economy.

Delta Air Lines warned that revenue could fall in the current quarter and that “growth has largely stalled,” as its CEO warned that he’s concerned the economy is likely to fall into a recession.

Delta Airlines dropped its 2025 outlook as the company warned that growth has largely stalled due to “broad economic uncertainties around global trade,” particularly stemming from tensions related to President Donald Trump’s tariffs.