• Airlines warned fuel prices were a growing threat, but it just became clear how terrible the situation has become

    8 days ago - By Business Insider

    Delta Air Lines reported second-quarter 2018 profits of $1.025 billion on $11.775 billion in operating revenue.
    Even though revenues are up, profits are actually $161 million lower than the same period in 2017.
    Much of this can be attributed to the increase in fuel prices.
    The increase in costs for airlines could be passed on to consumers.
    The price of crude oil has skyrocketed more than 50% over the last year and the effects on the airline industry are expected to be profound.
    Now we have a better idea of just how profound.
    On Thursday, Delta Air Lines reported a second-quarter 2018...
    Read more ...

     

  • Airlines warned fuel prices were a growing threat, but it just became clear how terrible the situation has become

    Airlines warned fuel prices were a growing threat, but it just became clear how terrible the situation has become

    8 days ago - By Business Insider

    Delta Air Lines reported second-quarter 2018 profits of $1.025 billion on $11.775 billion in operating revenue.
    Even though revenues are up, profits are actually $161 million lower than the same period in 2017.
    Much of this can be attributed to the increase in fuel prices.
    The increase in costs for airlines could be passed on to consumers.
    The price of crude oil has skyrocketed more than 50% over the last year and the effects on the airline industry are expected to be profound.
    Now we have a better idea of just how profound.
    On Thursday, Delta Air Lines reported a second-quarter 2018...
    Read more ...

     

  • Delta's rising fares offset fuel cost surge

    Delta's rising fares offset fuel cost surge

    8 days ago - By Reuters

    A rise in average fares trumped a nearly 40 percent surgein fuel costs, driving Delta Air Lines' quarterly operating revenue sharply higher. Fred Katayama reports.
    Read more ...