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Strong 2Q at Delta, but soaring fuel costs dim 2018 outlook

Strong 2Q at Delta, but soaring fuel costs dim 2018 outlookDelta Air Lines executives expressed confidence Thursday that they can raise prices high enough to cover a fuel bill that is likely to be $2 billion more this year than last year. Airline officials said that strong travel demand and higher average fares fully covered a run-up in fuel prices late last year, and the same trends are helping offset a second spike in fuel prices that occurred in late spring. Delta predicted that it will pay 40 percent more for fuel in the July-through-September quarter than it paid a year earlier, nearly identical to the increase Delta paid in the April-through-June quarter.


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