Business
Delta Airlines says elevated airfares likely to persist
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Delta Airlines says elevated airfares likely to persist
Delta Airlines reported record-high revenue and a $1.4bn profit for the second quarter, with its CEO stating that higher fares are expected to continue.
- Delta reported record-high quarterly revenue and a $1.4bn profit for the second quarter.
- Delta CEO Ed Bastian said the airline has passed 60% of higher fuel costs to consumers and plans to eventually pass on all elevated costs.
- Bastian stated that Delta will likely account for 60% of the airline industry's profits this quarter.
- Delta expanded its premium offerings with a new "basic business" fare that excludes expedited check-in and lounge access.
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