Delta says higher airfares expected to last despite drop in oil prices

Delta says higher airfares expected to last despite drop in oil prices

Delta Airlines reported record-high quarterly revenue and profitability, with the carrier indicating that elevated airfares are expected to remain in place despite a recent decline in oil prices. The airline’s chief executive stated that the company has successfully passed approximately 60% of its increased fuel expenses to passengers, with plans to eventually transfer all elevated costs. He attributed the airline’s ability to maintain pricing p…