{"id":102361,"date":"2022-03-18T06:44:29","date_gmt":"2022-03-18T11:44:29","guid":{"rendered":"https:\/\/PERSIAN-HERITAGE.COM\/?p=102361"},"modified":"2022-03-18T06:44:29","modified_gmt":"2022-03-18T11:44:29","slug":"airline-giant-delta-warns-oil-increases-mean-higher-ticket-prices","status":"publish","type":"post","link":"https:\/\/PERSIAN-HERITAGE.COM\/en\/2022\/03\/18\/airline-giant-delta-warns-oil-increases-mean-higher-ticket-prices\/","title":{"rendered":"Airline giant Delta warns oil increases mean higher ticket prices"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-102362 alignleft\" src=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-300x200.jpg 300w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-150x100.jpg 150w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta.jpg 600w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-24x16.jpg 24w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-36x24.jpg 36w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2022\/03\/Delta-48x32.jpg 48w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>BBC \u2014 Higher oil prices are set to lead to a 10% increase in air fares, according to the boss of one of the world&#8217;s biggest airlines.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Delta Air Lines head Ed Bastian told the BBC the final impact &#8220;really depends where fuel prices settle&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Oil prices have reached 14-year highs after Russia&#8217;s invasion of Ukraine.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Emirates, Japan Airlines and AirAsia are among the big carriers to introduce surcharges on their tickets recently to cover the higher cost of jet fuel.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Before the pandemic, in 2019, 200 million customers flew on Delta, making it the world&#8217;s second biggest airline by passenger numbers.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Mr Bastian said that on a domestic US flight the rise in fuel prices &#8220;is probably about $25 on a ticket, that could be anywhere between 5% to 10% at these high levels of oil&#8230; and international [flights] will be a bit higher than that&#8221;.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline1\"><\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Delta is planning to introduce fuel surcharges on the international flights which account for about 35% of its business, and increase US ticket prices.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-60680787\">Oil price rises due to fears over Russian shortfall<\/a><\/li>\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-52188448\">How has Ukraine conflict affected petrol prices?<\/a><\/li>\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/uk-scotland-60673366\">How do we replace Russian energy?<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Jet fuel is one of the biggest costs for airlines. Michael O&#8217;Leary, the boss of Europe&#8217;s biggest carrier Ryanair, said recently that the surge in oil prices would lead to\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-60584219\">&#8220;materially higher&#8221; airfares this summer<\/a>.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Many airlines try to protect themselves from these changes by buying fuel in advance. Easyjet and British Airways both said recently that they had done so for 60% of their fuel needs this year.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hq4gmv-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/25B6\/production\/_123745690_vlcsnap-2022-03-17-12h08m11s574.jpg 976w\" alt=\"Ed Bastian\" width=\"976\" height=\"549\" \/><\/span><\/div><figcaption class=\"ssrcss-name08-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Image caption,<\/span><\/p>\n<div class=\"ssrcss-y7krbn-Stack e1y4nx260\">Delta chief Ed Bastian says higher oil prices will mean more expensive airfares<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This year has seen big fluctuations. At the start of January, Brent crude &#8211; the international benchmark for oil &#8211; was under $80 a barrel, but it recently reached as high as almost $130 as the\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-60666251\">US and UK said they would end their use<\/a>\u00a0of oil from the world&#8217;s biggest exporter, Russia.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">More price swings are likely in the short-term according to the executive director of the International Energy Agency, Dr Fatih Birol. He told the BBC: &#8220;I think the $100 [oil] we are experiencing today may not be the highest level of prices we&#8217;ll be seeing in the next weeks&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">He warns that will be felt across all areas of the global economy, because as well as higher transport costs it will lead to more expensive heating and electricity. That would exacerbate the cost of living crisis many countries are facing.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline2\"><\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hq4gmv-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/4CC6\/production\/_123745691_vlcsnap-2022-03-17-12h44m43s057.jpg 976w\" alt=\"IEA boss Dr Fatih Birol\" width=\"976\" height=\"549\" \/><\/span><\/div><figcaption class=\"ssrcss-name08-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Image caption,<\/span><\/p>\n<div class=\"ssrcss-y7krbn-Stack e1y4nx260\">&#8220;Every single dollar for oil going to [the] Russian economy will go back as a tank or as a bullet to Ukrainian people&#8221;, says IEA Executive Director Dr Fatih Birol<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Reports from India suggest it is considering tackling high prices at the petrol pumps by buying discounted Russian oil. Many won&#8217;t purchase it because of western sanctions, and Dr Birol warned: &#8220;One shouldn&#8217;t forget that every single dollar for oil going to [the] Russian economy will go back as a tank or as a bullet to Ukrainian people. One shouldn&#8217;t forget this moral aspect in my view&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Instead he wants Middle Eastern countries including Saudi Arabia to increase oil production.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The latest IEA forecast says three million barrels a day of Russian oil could be removed from the market. However, that drop in supply could be offset by a fall in demand from China where\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-china-60703301\">Covid has led to new lockdowns<\/a>.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">All this unpredictability means Delta does not try to buy its fuel in advance, Mr Bastian said. &#8220;Sometimes you win, and often you lose.&#8221;<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Instead Delta has the protection of owning its oil refinery in Pennsylvania, although it has been unsuccessful in recent efforts to try to sell it.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;We&#8217;re thrilled that we have it right now&#8221; says Mr Bastian.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hq4gmv-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/AE5A\/production\/_123743644_gettyimages-143637418.jpg 976w\" alt=\"oil refinery in Trainer, Pennsylvania\" width=\"976\" height=\"549\" \/><\/span><span class=\"ssrcss-1hn5d7b-StyledFigureCopyright e34k3c20\" role=\"text\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">IMAGE SOURCE,<\/span>GETTY IMAGES<\/span><\/div><figcaption class=\"ssrcss-name08-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Image caption,<\/span><\/p>\n<div class=\"ssrcss-y7krbn-Stack e1y4nx260\">Delta&#8217;s ownership of this oil refinery in Trainer, Pennsylvania gives it some protection from volatile prices<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The Delta chief is also looking to a future where initiatives to tackle climate change by\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.com\/future\/article\/20210525-how-aviation-is-reducing-its-climate-emissions\">cutting aviation&#8217;s carbon emissions<\/a>\u00a0mean oil prices are less of a concern.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;The existing fossil fuel and jet fuel technology needs to go, and we need to make those investments for the future towards a sustainable future.&#8221;<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This means moving towards sustainable fuels such as biofuels or synthetic alternatives made through chemical processes.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Mr Bastian says that cost is the big impediment, with the production of such substitutes costing &#8220;three to five times what&#8217;s in the marketplace today&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The difference will need to be made by governments investing in scaling up production.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Scale will bring costs down over time, and will bring more capital from private sources into exploration and looking for new technology. This next five years is critical that to make sure we get government support, not just in the US but around the world.&#8221;<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Returning to profitability after the losses of the pandemic will also help fund the development of new technologies. According to the International Air Transport Association the industry lost\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.iata.org\/en\/pressroom\/2021-releases\/2021-10-04-01\/\">more than $51bn last year<\/a>\u00a0with global demand 58.4% down on 2019 levels.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hq4gmv-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/4744\/production\/_123744281_gettyimages-1238573033.jpg 976w\" alt=\"man checks in at Haneda Airport in Tokyo\" width=\"976\" height=\"549\" \/><\/span><span class=\"ssrcss-1hn5d7b-StyledFigureCopyright e34k3c20\" role=\"text\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">IMAGE SOURCE,<\/span>LIGHTROCKET\/GETTY IMAGES<\/span><\/div><figcaption class=\"ssrcss-name08-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Image caption,<\/span><\/p>\n<div class=\"ssrcss-y7krbn-Stack e1y4nx260\">Passengers are returning to the skies as Covid restrictions ease, but Asia is seeing a slower recovery than other regions<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">As Covid restrictions continue to ease, Delta had two record days of sales last week, leading Mr Bastian to be hopeful about the outlook.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;The world is returning to travel and governments have decided that Covid is done.&#8221;<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;We&#8217;re seeing some of our largest bookings we&#8217;ve ever had in our history. And it&#8217;s not just in the US, it&#8217;s internationally as well.&#8221; However, he adds that Asia is lagging behind other regions.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-60411616\">AirAsia boss calls on governments to open borders<\/a><\/li>\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-60373401\">Air fare rises are unavoidable, warns airline boss<\/a><\/li>\n<li><a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-58560821\">Coronavirus: Boeing says air travel to recover by 2024<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Crucially demand for lucrative business class fares is also returning. It is currently at about 60% of pre-pandemic levels, but Mr Bastian expects this to rise to 70% by the summer.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">He concedes &#8220;there&#8217;s forms of business travel that will never return, that are more efficient to handle over video technology&#8221;, but adds that leisure travellers are now showing more willingness to splash out on premium services.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Last year Delta recorded a pre-tax loss of $3.4bn and the\u00a0<a class=\"ssrcss-1gfaiii-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-59793040\">disruption caused by coronavirus<\/a>\u00a0at the start of this year means Mr Bastian thinks that will be added to at the start of this year.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;We will lose some money primarily because of Omicron, it&#8217;s not fuel prices. But I do expect starting in the second quarter and beyond that we&#8217;ll be profitable.&#8221;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BBC \u2014 Higher oil prices are set to lead to a 10% increase in air fares, according to the boss of one of the world&#8217;s biggest airlines. Delta Air Lines head Ed Bastian told the BBC the final impact &#8220;really depends where fuel prices settle&#8221;. Oil prices have reached 14-year highs after Russia&#8217;s invasion of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":102362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[],"class_list":["post-102361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recposts"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["fa","en"],"languages":{"fa":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/102361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/comments?post=102361"}],"version-history":[{"count":2,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/102361\/revisions"}],"predecessor-version":[{"id":102364,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/102361\/revisions\/102364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media\/102362"}],"wp:attachment":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media?parent=102361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/categories?post=102361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/tags?post=102361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}