As the cost of gas and oil continues to climb, Delta Air Lines CEO Ed Bastian said that his company will be raising its ticket prices to keep up with the change.
Bastian told domestic flyers to expect an addition of “probably about $25 on a ticket. That could be anywhere between 5% to 10% at these high levels of oil … and international [flights] will be a bit higher than that.”
Delta is the latest airline to join Air France, Ryanair, Emirates, Japan Airlines, and AirAsia in adjusting ticket prices to match the 14-year-high cost of fuel. However, it is the second-largest airline in the world, toting over 200 million passengers in 2019, before the onset of the pandemic.
UBER AND LYFT DRIVERS FEELING THE STING OF HIGHER GAS PRICES
This announcement comes as airline employees are fighting off COVID-19 restrictions, including mask and vaccination mandates.
Meanwhile, in Russia, home of the Nord Stream 2 pipeline, the airline industry is in a major decline. It’s been described as “similar to where it was under Soviet rule” by analyst Rob Stallard.
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Domestic travel is nearly back to pre-pandemic levels, with over 2.2 million people traveling on Thursday alone, compared to 2.5 million that same day in 2019.
