finance
Jet Fuel Costs Rise Amid Iran Conflict, Prompting Airline Fare Adjustments
Major U.S. airlines are increasing ticket prices and fees amid soaring jet fuel costs linked to the ongoing war in Iran. Delta Air Lines CEO Ed Bastian stated the carrier would retain pricing strength even if fuel prices decline, drawing online backlash. United Airlines plans to raise fares by up to 20% to fully recover added expenses.
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Delta Air Lines CEO Ed Bastian stated during an earnings call earlier this month that the airline would retain any pricing strength gained amid the current environment, even if fuel prices decline. He added that lower fuel costs would help Delta boost its margins this year and into next year. Bastian also said it’s hard to call anything temporary given the current fuel levels.
Com reported. Despite higher fares, Delta bookings remain strong, and demand for premium seats continues to rise. The ongoing war in Iran has disrupted a key global oil supply route, spiking airfare in recent weeks.
U.S. naval blockade that has sharply reduced ship traffic. Rising jet fuel costs tied to the Iran conflict are pushing airlines to increase fares and fees. Some airline carriers have tacked fuel surcharges onto longer routes, while others have raised baggage fees to offset rising expenses.
United Airlines is raising ticket prices by as much as 20% to offset soaring jet fuel costs tied to the Iran war. Customers are already booking future travel at United Airlines at higher prices. United Airlines CEO Scott Kirby said the airline aims to recover 100% of increased fuel costs.
Bastian’s remarks prompted backlash on social media, with one widely shared post on X stating 'Delta CEO saying the quiet part out loud,' accusing the airline of using the crisis to permanently raise prices.
