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The Guardian - US
The Guardian - US
Business
Lauren Aratani

Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war

Delta Ed Bastian Oil Iran Kirby United States
A Delta employee helps direct people through a line
A Delta employee helps direct people through a line as travelers wait in long lines at Atlanta Hartsfield-Jackson international airport on 26 March 2026. Photograph: Megan Varner/Getty Images

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.

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.

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