Analysts at Melius Research noted in a report that the Trump administration's push to shrink the size of the government could have a negative impact on the travel industry and the broader U.S. economy. United Airlines recently said its government business has weakened since the U.S. presidential election in November. However, analysts also noted that airlines are relatively less reliant on government business, which accounts for less than 2 percent of United's revenue, compared with about 1 percent for Delta. "The question is whether the weakness in government business will spill over to the rest of the economy," the analysts wrote. "It's difficult to tell at this point, but there are clearly growing concerns about how the impact will be contained."