Trump's Cuba rollback to spare airlines but could hurt demand

PoliticsReuters

U.S. President Donald Trump's plan to roll back his predecessor's opening toward Cuba will spare airlines and cruise operators betting on a new revenue source but the rollback could affect them by weakening demand.

Trump is expected to outline moves meant to reverse the trade-and-travel rapprochement by the Obama administration that will enrich Cuba's "oppressive regime," senior White House officials said.

Continue Reading Below

The new policy will ban most U.S. business transactions with the Armed Forces Business Enterprises Group, a sprawling conglomerate involved in all sectors of the economy, including the hotel and hospitality industry, but make some exceptions, including air and sea travel, the officials said.