Delta says price rises will help cover higher fuel costs
Delta CE Ed Bastian says the airline expects to recoup US$2b in higher fuel costs this year partly by increasing ticket prices, thanks to continuing passenger demand despite the US-China trade war and concerns about a slowdown in the US economy. “Demand is strong and when demand is strong it gives you a good opportunity to price and recover,” he said. “We’re expecting fuel costs up $2b year on year for us in ’18, but we’re also anticipating our overall profits to be about flat” at around $5b. On that simple premise we recovered almost all the fuel increase within the year which, on that size of increase, hasn’t been done before,” he said, adding “we’re managing the other costs of our business well. In Q3 our non-fuel costs were flat”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-06/sky/delta-says-price-rises-will-help-cover-higher-fuel-costs
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Delta says price rises will help cover higher fuel costs
Delta CE Ed Bastian says the airline expects to recoup US$2b in higher fuel costs this year partly by increasing ticket prices, thanks to continuing passenger demand despite the US-China trade war and concerns about a slowdown in the US economy. “Demand is strong and when demand is strong it gives you a good opportunity to price and recover,” he said. “We’re expecting fuel costs up $2b year on year for us in ’18, but we’re also anticipating our overall profits to be about flat” at around $5b. On that simple premise we recovered almost all the fuel increase within the year which, on that size of increase, hasn’t been done before,” he said, adding “we’re managing the other costs of our business well. In Q3 our non-fuel costs were flat”. <br/>
