Airline stocks slide despite CEOs' upbeat demand outlook

from a potential new pilot contract and weaker-than-expected demand early this year, traditionally a slow period for travel.

Some executives said lucrative business travel is shifting because of more hybrid work models that allow customers to mix work trips with leisure in place of more traditional schedules.CEO Robin Hayes said at the conference. "Those day trips where you used to get up at 6 a.m., you're back at 8 p.m. ... you're just not going to do that anymore.""We came in with 15 Boston-LaGuardias as we thought that was a great idea. It turns out it wasn't," he said.

"As I tell many of my CEO friends across the industry and outside of the industry, I know where your employees are. They may not be in the office, but you can find them on my airplanes," he said at the conference. "And that's because of the new way of work, the new hybrid, new mobility. And I don't think that's changing."

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