Airlines warned fuel prices were a growing threat, but it just became clear how terrible the situation has become (DAL)
|07/12/2018||Posted by BusinessMediaguide.Com under General World News||
- Delta Air Lines reported second-quarter 2018 profits of $1.025 billion on $11.775 billion in operating revenue.
- Even though revenues are up, profits are actually $161 million lower than the same period in 2017.
- Much of this can be attributed to the increase in fuel prices.
- The increase in costs for airlines could be passed on to consumers.
The price of crude oil has skyrocketed more than 50% over the last year and the effects on the airline industry are expected to be profound.
Now we have a better idea of just how profound.
On Thursday, Delta Air Lines reported read more >>>