Delta says higher airfares expected to last despite drop in oil prices

Delta says higher airfares expected to last despite drop in oil prices

Delta Airlines reported record quarterly profits and indicated that elevated airfares are expected to persist despite a recent decline in oil prices. The airline’s chief executive stated that the company achieved a $1.4 billion profit in the quarter, driven by robust travel demand that has enabled the carrier to pass along approximately 60% of its increased fuel expenses to passengers, with plans to eventually recover all elevated costs. Airline…

Airfare Could Be the Next Price Shock for Americans

(AURN News) — Will airfare prices rise? And how will the up and down of prices and the economy affect the midterm elections, now less than 100 days away? Oil prices will for sure come into play. Crude oil remains on a roller coaster ride as a result of U.S.-Iran tensions, where the constant stop and start of attacks between the two countries continues to weigh on the economy. This week, crude oil prices have remained above $80 a barrel, which co…