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Explore →Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war
<p>Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the war</p><p>The CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.</p><p>Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights.</p> <a href="https://www.theguardian.com/business/2026/apr/08/delta-ceo-higher-fares-oil-prices-iran-war">Continue reading...</a>
<p>Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the war</p><p>The CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.</p><p>Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights.</p> <a href="https://www.theguardian.com/business/2026/apr/08/delta-ceo-higher-fares-oil-prices-iran-war">Continue reading...</a>