Delta Air Lines lowered its first-quarter revenue and profit forecasts due to weaker domestic demand, reflecting broader concerns about the travel industry’s sales slowdown.

Delta now expects revenue to rise only 5% from last year, down from its previous forecast of 6% to 8%.

Its adjusted earnings forecast was also reduced to 30-50 cents per share, from 70 cents to $1.

The company cited reduced consumer and corporate confidence amid macroeconomic uncertainty, alongside safety concerns following recent incidents.

Delta’s stock dropped over 13% in after-hours trading, CNBC has reported.

Other airlines, including American Airlines, Southwest, and United, are also expected to update investors on demand trends.

Written by B.C. Begley