Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war
Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the war
The CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.
Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights.
https://www.theguardian.com/business/2026/apr/08/delta-ceo-higher-fares-oil-prices-iran-war">Continue reading...Airlines hike fees as fuel costs soar
- Why are airlines increasing checked baggage fees? AP News —
- Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs Chicago Sun-Times —
- These 4 airlines have raised checked bag fees as fuel costs soar The Hill —
- Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs ABC News —
- Less than a year after ditching its famous ‘bags fly free’ policy, Southwest is hiking prices again Fortune —