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Airlines raised fares as fuel costs surged, but Delta’s CEO says those higher ticket prices could be here to stay as long as demand holds up
Oil prices are more than 70% higher than they were a year ago.
Airfare has shot up this year partly because of the war in Iran. But even if oil prices ease, higher ticket prices may be here to stay because travelers keep buying, said Delta CEO Ed Bastian. The CEO of one of America’s biggest airlines said in an interview with CNBC Friday that he was surprised the airline’s profits held up despite a 60% jump in fuel prices, as demand for tickets stayed…
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