Delta to cut flights amid rising jet fuel costs

Higher fuel costs continue to hamper earnings at Delta Air Lines despite strong revenue growth over the past three months.

Chief executive officer Ed Bastian said the airline would adjust its schedule in the second half of the year to reflect a potential $2 billion increase in operating costs for 2018 due to increased fuel prices. Costs are increasing in part because of President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear accord. He previously pressured the Organization of Petroleum Exporting Countries to ramp up their oil production.