Airfare has shot up this year partly because of the war in Iran. But even if oil prices ease, higher ticket prices may be here to stay because travelers keep buying, said Delta CEO Ed Bastian.
The CEO of one of America’s biggest airlines said in an interview with CNBC Friday that he was surprised the airline’s profits held up despite a 60% jump in fuel prices, as demand for tickets stayed resilient. In July, after the airline’s second-quarter results, Bastian told CNBC that Delta was passing along 60% of its higher fuel costs to consumers, and expected that to reach close to 100% in the third quarter.
