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Delta boss wary of rising fuel prices

Delta Air Lines expects revenues to hit more than 70 percent of 2019 levels in the December quarter but chief executive Ed Bastian has warned rising fuel costs are undermining profitability.

Delta recorded its first quarterly profit since the start of the pandemic in the September quarter with a pre-tax result of $US216 million when $US1.3 billion in government payroll support was excluded.

Rising demand saw revenues for the quarter reached two-thirds of pre-COVID levels after starting the year at just 25 percent.

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Source:: AirlineRatings.Com

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