Sky-high prices. Fuel costs will add $400 million to Delta's costs for the month of March alone, the airline's chief executive Ed Bastian said yesterday. And those costs will be passed on to consumers in the form of higher ticket prices. Consumers will probably keep jetting around. But it's going to be more expensive to fly.
This is a direct consequence of the war in Iran. Because of the war, the Strait of Hormuz, a critical shipping lane for the global oil trade, has been all but shut down. President Donald Trump has tried to recruit allies to help reopen the Strait, but they haven't been receptive to his requests. So now the war will go on, and the cost of traveling by air will increase.
