Delta Warns: Iran Conflict Could Add $2 Billion to Fuel Bill
Delta Air Lines says the conflict in the Middle East is pushing its fuel costs sharply higher. The company now expects to spend over $2 billion more on fuel in the first half of this year than it did last year.
To manage these rising costs, Delta is considering raising ticket prices. The airline is also planning to reduce its total number of flights by about 3.5% later this year.
The price of oil has increased since the war between Israel and Iran-backed Hamas began. This directly affects airlines because jet fuel is made from oil. Higher fuel expenses threaten airline profits.
Delta's plans show how global conflicts can impact everyday travel and costs for passengers worldwide. Other airlines are likely facing similar financial pressure.