U.S. Airlines and Cruise Lines Could Lose $3.5 Billion if Trump Reverses Cuba Policies
Photo Credit: The U.S. stands to lose billions of dollars and thousands of jobs should President Trump roll back Cuba travel policies. Pictured are tourists in Havana, Cuba. Flickr / Howard Ignatius
Skift Take
Compared with other U.S. sectors, the travel industry would be disproportionately impacted should U.S.-Cuba relations and travel policies get reversed. It's anyone's guess as to how President Trump will proceed regarding Cuba policies but that picture should become clearer later this month.
If President Donald Trump follows through and rolls back U.S. policies toward travel to Cuba, U.S.-based airlines and cruise lines could lose an estimated $3.5 billion and more than 10,000 jobs through 2021, according to a new study.
Engage Cuba, a Washington, D.C.-based nonprofit that works to end travel restrictions and the U.S. trade embargo on Cuba, analyzed the potential impact of a Trump Cuba reset following a liberalization of policies under former President Barack Obama.
The analysis assumes a scenario in which the Trump administration reverses all agreements signed with Cuba since December 17, 2014, including legalized travel, a more welcom
