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2 weeks ago

Delta CEO Ed Bastian says airline fares will stay elevated even if jet fuel prices fall

Delta Air Lines sees higher fares staying in place for consumers amid higher costs for fuel and other expenses, even if oil prices return to more moderate levels and allow jet fuel costs to decline in turn.Delta CEO Ed Bastian said on the company's quarterly earnings call that the dynamics of the airline industry have changed significantly as higher fuel prices, as well as increases in other categories of operational expenses, have made it more difficult for low-cost carriers to compete through lower airfares."Most U.S. carriers were already struggling to earn their cost of capital against a b...