Delta Airlines CEO Warns Domestic Fare Prices to Increase up to 10 Percent as Oil Prices Soar

Travelers wait in line at Delta Airlines check-in at Los Angeles International Airport in Los Angeles, Calif., on Dec. 24, 2021. David Mcnew/AFP via Getty Images

Delta Airlines CEO Ed Bastian has warned that airfares for domestic flights in the United States could increase by 5 percent to 10 percent amid a spike in oil prices.

Oil prices—already soaring in the United States—have been further exacerbated following Russia’s invasion of Ukraine and are now at 14-year highs.