Airlines get higher fuel bills just as busy summer flying season approaches [CNBC]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: CNBC
Getty Images Airliners line up for take off at Los Angeles International Airport in Los Angeles, California. More travelers are packing airplanes, but it's getting more expensive to fly them. Jet-fuel prices have climbed 15 percent this year, and have surged around 60 percent over the past year, according to S&P Global Platts, presenting airlines with a growing fuel bill just before the summer travel rush, the busiest time of year. Airlines have a few options to handle the spike in their biggest expense after labor: cut service or raise fares. That amounts to a game of chicken. Airlines don't want to risk losing customers to a competitor with better fares or a more robust schedule. I envision this like a high school dance, Jamie Baker, senior airline analyst at J.P. Morgan Chase. It's always tricky to go first. Making the wrong choices could risk further declines in the sector. The NYSE Arca Airline Index is down nearly 9 percent this
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- 4/23/24 - Form 4
- DAL's page on the SEC website