Guardian US
UK · 1 hrs ago
Delta says higher airfares expected to last despite drop in oil prices
Company reports $1.4bn profit despite its highest quarterly fuel expense in history
Delta Airlines saidelevated airfares are likely to last despite a recent drop in oil prices, reporting strong appetite for travel and record-high revenue in its quarterly results Friday.
Though the company had its highest quarterly fuel expense in its history, demand has been high enough to pass along 60% of its extra fuel costs to consumers, Delta’s CEO, Ed Bastian, told CNBC, with plans to eventually pass along
Do you trust Guardian US?
Sign in to rate
Discussion
?
No comments yet — be the first to start the discussion!