Airlines warned on Monday that growing trade barriers risked damaging the global economy and pledged to resist efforts by manufacturers to pass on tariffs as higher prices for aircraft.

It is no secret that stocks in the Zacks Transportation - Airline industry are being hurt by headwinds such as economic uncertainties, supply chain issues, high labor costs, and aircraft shortages due to backlogs and delays in plane deliveries.

Air cargo demand is now expected to inch up just 0.7 percent this year, down from prior projections of a 6 percent jump due to tariffs and the end of de minimis for Chinese goods.