Delta Says High Airfares Are Here to Stay, Defying Easing Fuel Costs
Get ready for consistently high ticket prices, as Delta Air Lines has just signaled that recent airfare hikes are here to stay, even if jet fuel costs ease a bit. The airline's Chief Financial Officer, Erik Snell, stated on Friday that Delta successfully recovered about 60 percent of its second-quarter fuel cost increase through pricing, and they expect to recover even more in the current quarter. This firm stance on pricing comes despite a slight retreat in fuel prices from their spring peaks, challenging the usual trend where cheaper oil leads to cheaper flights.















