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.
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# Airlines Maintain Elevated Fares Despite Stabilizing Oil Prices Delta Air Lines' CEO indicated the airline industry plans to keep ticket prices elevated even as fuel cost increases moderate, betting that strong customer demand will sustain higher profit margins going forward. With oil prices up over 70% year-over-year, carriers have successfully passed fuel surcharges to consumers, and Delta's guidance suggests this pricing power may persist regardless of future commodity price movements.
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