American air fares will likely stay at an incline as budget carriers wobble and premium flying soars
Ed Bastian, CEO of Delta Air Lines, noted the industry recovered the fuel inflation caused by the US-Iran conflict “at the fastest pace of any recent cycle.” Expenses for everything—labour, maintenance, aircraft, airport fees—have gone up for all airlines, forcing even the low-cost carriers to boost prices to cover the inflation, Bastien said during Delta’s earnings call earlier this month.
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